July 2015, Vol. 242, No. 7

Projects

Mexico, First Reserve Strike $1 Billion Energy Investment Deal

MEXICO CITY (AP) — Mexico’s state-run oil company and U.S.-based First Reserve are announcing a $1 billion deal to invest in the energy sector. Petroleos Mexicanos says in a statement that the agreement covers potential projects including infrastructure, sea transport, cogeneration and processing. First Reserve is a global private equity and energy infrastructure investment firm headquartered in Greenwich, Connecticut. It said in a statement Tuesday that the two companies will invest in infrastructure projects throughout Mexico. Last month, Pemex announced a $900 million deal with First Reserve and BlackRock in return for a 45 percent stake in a pipeline that will transport n

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