TOKYO: Mexican state-owned oil company Petroleos Mexicanos said Friday it has reached an agreement to export 6 million barrels of crude to Japanese petroleum group JX Nippon Oil & Energy Corporation between August 2015 and January 2016.
The shipment of light Isthmus crude will be carried out via six cargoes from the Salina Cruz Maritime Terminal in the southern state of Oaxaca, Pemex said in a statement.
The contract is in addition to some 4 million barrels of occasional oil shipments delivered to JX Nippon during the first half of the year, the bulletin added.
The Japanese company has the capacity to process 1.3 million barrels per day at its seven refineries in Sendai, Kashima, Negishi, Osaka, Mizushima, Marifu and Oita.
“These operations help consolidate Mexico as an important crude supplier in the Far East,” a region with strong growth levels and where Pemex offers a supply alternative through contracts with refinery companies in China and South Korea, the oil producer said.
