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Mexico set to ship 6M bbls of crude to Japanese refiner

Oil

Mexican state oil firm Pemex has said that it has agreed to ship 6M bbls of its light crude oil to Japanese refiner JX Nippon Oil & Energy Corp, Reuters reports. The deal will result in six cargoes of Isthmus crude being exported from Mexico's Pacific port of Salina Cruz to Japan between August 2015 and January 2016. Pemex has been raising its shipments to Northeast Asia in recent months, with JX Nippon already having received 4M bbls in 1H15 and South Korea also raising its intake.