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Sempra Energy’s IEnova to invest USD 150 million in Sinaloa fuel terminal

Gasoil News - Published on Thu, 12 Jul 2018

Image Source: napipelines.com
Reuters quoted Mexican energy infrastructure firm IEnova, a unit of US-based Sempra Energy, as saying that it would invest about USD 150 million to build and operate a fuel terminal in the northwestern state of Sinaloa. The tender was won by its subsidiary, IEnova Petroliferos IV, IEnova said in a statement. It expected the terminal to begin operations in late-2020.

IEnova said that the facility will feature initial storage capacity of 1 million barrels, mainly for gasoline and diesel. The company said the capacity of the terminal has been fully contracted on a long-term basis, and would give further details by whom at a later stage.

It said that in the future, it could expand capacity at the terminal and even offer storage for other products such as petrochemicals.

IEnova added that it had offered the best price in the tender, which was held by the Administracion Portuaria Integral de Topolobampo, a federal port authority.

Source :

Posted By : Nanda Koijam on Thu, 12 Jul 2018
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