Mexico fuel market is open but imports not flowing
Wednesday, June 29, 2016
Soaring fuel theft, violent protests over shortages and a lack of independent infrastructure have some investors questioning whether the Mexican gasoline sector is ready for a surge of U.S. imports.
The country enacted legislation in April allowing companies other than state-owned Pemex to import fuel for the first time since the 1930s. Mexico has since awarded permits to import a combined 135.6 billion liters (853 million barrels) of gasoline and diesel.