Andeavor ANDVrecently announced its intention of constructing a new terminal for the refined products at the Mexican state-run electric utility, Comisión Federal de Electricidad’s (“CFE”) Rosarito storage facility, located in the Baja California state. Per the terms of Andeavor’s deal with CFE’s subsidiary, CFEnergía, the former will take lease of the site for a long-term, where it plans to build the facility.
Andeavor to Expand Presence in Mexico, Aims Cost Reduction
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