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Pemex Transformación Industrial S.A. de C.V.

Company Summary


Pemex Transformación Industrial S.A. de C.V., one of Pemex's two productive subsidiaries, consists of former companies Pemex Gas y Petroquímica Básica, Pemex Refinación and Pemex Petroquímica. The company focuses on the processing, transportation, import, export and sale of oil, natural gas, liquid hydrocarbons (including LPG), and basic petrochemical products such as ethane, natural gasoline and sulfur. The firm operates 10 gas processing complexes, more than 2,670km of gas pipelines, 15 compression stations, five pumping stations, 22 liquefied gas distribution terminals, and eight international interconnections with the US.

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Date: 12/31/2017
Type: Acquisition

IENova is making the acquisition for $231 million and they will also assume $289 million in debt. The 452-miles pipeline has a design capacity of 1.42 Bcf/d and went into service in early-2016. The transaction is expected to close in the fourth quarter of 2017.
  • Mexico