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Exxon jumping in to Mexico fuel market with first US cargo

Exxon Mobil Corp. will now supply the Mexican fuel market. Wednesday it sent diesel and gasoline from Texas to the Mexican state of San Luis Potosi, and the giant ultimately aims to move product from all of its refineries along the Gulf Coast.

Photo: /ritzau/AP/Matt Brown/Arkiv

Exxon Mobil Corp. is joining Chevron Corp. and other US refiners to supply the newly free Mexican fuel market.

Exxon sent two cargoes totaling 120,000 barrel of diesel and gasoline Wednesday from its refinery in Beaumont, Texas, to a private terminal in San Luis Potosi. The company is moving cargoes along Kansas City Southern Railway Co.'s network and plans to utilize the San Jose Iturbide terminal in Guanajuato state, which is being expanded, to bring in more supplies. Eventually, it aims to move product from all of its refineries along the Gulf Coast.

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