Petroleos Mexicanos said Monday it will export crude to Switzerland’s Cressier refinery for six months starting in July.
State-owned Pemex said the crude will be Olmeca crude — Mexico’s lightest grade of crude .
PMI Comercio Internacional reached a supply agreement with the Creesier refinery, Pemex said in a statement.
Exports of Olmeca crude to Switzerland “will begin in July and continue for six months,” Pemex said.
The Cresier refinery is owned by Varo Energy Holding SA, a joint venture between the Vitol Group and the Carlyle Group.
Pemex will also start exports to a refinery in Hawaii the first week of July, it said earlier.
Pemex exported an average of 1.23 million barrels per day (bpd) in 2013 to all its customers, generating revenues of $52.58 billion, Fox News said.
“Exports of Olmeca crude began in 1989 and went exclusively to refineries on the Gulf coast of the United States, with small but regular shipments also being sent to the Dominican Republic,” the report said.