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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.

Source: Bloomberg