Petroleos Mexicanos “completely ready to start operating the swap,” negotiating with light-crude producers as co. awaits permit from U.S. Commerce Dept, PMI CEO Jose Manuel Carrera says in a phone interview.
- Pemex to sell directly to U.S. refiners that can process heavy crude to avoid reselling of Mexican crude.
- Pemex negotiating light-crude imports with producers in Eagle Ford, Bakken and Permian Basin.
- Mexico negotiating prices to import as much as 100k b/d, Carrera said.
- Light crude to be received at Pajaritos, Dos Bocas ports, which have enough capacity to handle imports, Carrera said.
NOTE: Commerce Dept has to approve swap due to existing ban on U.S. crude exports.