Shell's Deer Park refinery
Warning signs for Pemex refinery deal
Political downstream agenda and company track record cause unease over Texas refinery purchase
The $596mn acquisition of Shell’s Texas Deer Park refinery by Mexican NOC Pemex is facing increased political hostility in the US after Republican Congressman Brian Babin filed a letter of complaint to Secretary of Energy Jennifer Granholm calling on the deal to be annulled. Babin expressed concerns with the firm’s lack of operational expertise and highlighted potential security risks associated with a foreign state-owned business holding strategic control of US assets. If finalised, Pemex would take a 100pc stake in the refinery, giving the company access to 340,000bl/d in downstream processing capacity. None of Pemex’s six existing Mexican refineries has the operational complexity of Deer
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
