JBIC Signs MOU with Petróleos Mexicanos
Supporting Japanese Companies' Participation in Oil and Gas Development and Energy-Related Infrastructure Business in Mexico
- Region: Latin America and the Caribbean
- Energy and Natural Resources
The Japan Bank for International Cooperation (JBIC; Governor: Tadashi Maeda) signed on March 6 (Mexico time) a memorandum of understanding (MOU) on strengthening the cooperative relationship in the oil and natural gas, energy-related infrastructure, and environment fields with Petróleos Mexicanos (PEMEX), the Mexican state-owned petroleum company, following the seventh annual meeting on policy dialogue with the Mexican Government.
The signing of this MOU aims that JBIC and PEMEX would hold periodic discussions and further enhance cooperation. The MOU also intends to promote Japanese companies' participation in upstream development and oil refinery upgrading business run by PEMEX in Mexico.
As Japan's policy-based financial institution, JBIC will continue to support the overseas development and acquisition of natural resources by Japanese companies and contribute to the creation of business opportunities for Japanese companies to participate in and to further deepen and develop the economic relationship of Japan and Mexico.