Mexico's Pemex chooses Japan's Mitsui for coking plant

Mexican state oil company Pemex has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal.

Pemex chose Mitsui at a December meeting, two months later than planned, sources said. Details of the tie-up are still being negotiated and the announcement should be made toward the end of the first quarter of this year.

Source: Reuters