The Olmeca Refinery in Dos Bocas joins the National Refining System

To ensure energy self-sufficiency

  • First Construction Stage of the Olmeca Refinery in Dos Bocas, Paraíso, Tabasco.
  • It will process 340,000 barrels of crude oil per day, which will produce 170,000 barrels of gasoline and 120,000 barrels of ultra-low sulfur diesel.

Sorce: SENER

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Banobras is recognized with the “ALIDE Verde” Award 2022

Banobras received the award in the special “ALIDE Verde” category for the “Digital Tools for Sustainable Infrastructure”, available within the Mexico Projects Hub platform.

During the 52nd General Assembly of the Latin American Association of Development Financing Institutions (ALIDE), held in Curaçao, the ALIDE Awards 2022 were presented; a contest that recognizes and promotes innovation and good practices among development financing institutions.

The special category of the “ALIDE Verde” Award is granted for attention to sustainable development, contributing to the local productive ecosystem development, seeking that productive activities, in addition to being economically viable, socially fair, are environmentally responsible.

Banobras successfully placed ten billion pesos through three bonds in the local debt market

The National Bank of Public Works and Services (Banobras) successfully placed two 3-year and 5-year variable-rate traditional-format bonds and one 10-year fixed-rate bond in pesos.

Source: Banobras

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Banobras receives ‘mxAAA’ rating on 3 bonds from S&P Global Ratings

S&P Global Ratings assigned its long-term national scale debt ratings – CaVal – of ‘mxAAA’ to the National Bank of Public Works and Services’ (Banobras) long-term development banking stock certificates.

The ratings assigned to these issues are equal to Banobras’ long-term national scale issuer credit rating (mxAAA).

Source: S&P Global Ratings

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In 2024 Mexico will reach self-sufficiency of fuels; In three years, the use of the National Refining System went from 32% to 50%

The goal for 2023-2024 is to process two million barrels of oil a day and produce 858 thousand barrels of gasoline and 542 thousand of diesel.

Source: Presidency of México

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Banobras authorizes financing for Section 1 of the Maya Train for 700 million pesos

With the Bank financing supports this priority project of the Government of Mexico.

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PEMEX signs agreement for the total purchase of the Deer Park Refinery

PEMEX signed an agreement to purchase 50.005% of Shell’s stake in the refinery located in Houston, Texas.

PEMEX will own 100% of the refinery once it has the regulatory approvals in the United States and the transaction is completed in the last quarter of the year.

With this transaction, PEMEX seeks to advance the country’s energy self-sufficiency.

Source: PEMEX

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Rating agencies ratify Mexico’s credit rating

The rating agencies recognize the solid management of the Mexican government’s debt during the pandemic, which limited indebtedness. They also point out that sustainable public finances support the country’s macroeconomic stability.

Source: SHCP

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Economic and public finance prospects for the end of 2021 and fiscal year 2022

It is estimated that by early 2022 the economy will fully regain its pre-pandemic level. The investment in infrastructure, the deepening of the financial sector, the reduction of the different gaps that restrict development and the greater commercial integration with our partners in the the United States-Mexico-Canada Agreement (USMCA), are factors that will help with the recovery of the Mexican economy.

Source: Ministry of Finance

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Banobras successfully placed ten billion pesos through four sustainable bonds in the local market

The resources obtained from the placement of the Sustainable Bonds will be used for projects with social and environmental impact in eight different sectors.

The transaction, which brought together more than fifty investors and accumulates a demand of 3.5 times the amount placed, maintains Banobras’ position as the main issuer of thematic bonds in the local market.

Source: Banobras

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