MEXICO CITY & NEW YORK--(BUSINESS WIRE)--
Petroleos Mexicanos ("Pemex"), and BlackRock have signed a Memorandum of
Understanding (MOU) to accelerate the efficient development and
financing of energy related infrastructure projects of strategic
importance to Pemex. Through this MOU, BlackRock, a preeminent asset
manager with global infrastructure investment capabilities and a local
presence in Mexico, will provide industry expertise, risk management
capabilities and sources of financing to support Pemex’s mission to
enhance its market position and maximize its value to Mexico.
Jose Manuel Carrera, Corporate Director of Strategic Partnerships and
New Ventures, of Pemex commented, “Through this MOU Pemex will stimulate
new projects with efficient financial solutions.”
Jim Barry, global head of BlackRock Infrastructure said, “BlackRock is
very excited to partner with Pemex in its pursuit of efficient financing
solutions for its energy infrastructure project pipeline. In Mexico,
where BlackRock is already the leading international asset manager with
$25 billion of AUM, we are committed to building the leading
infrastructure investment platform for the benefit of our local and
international clients.” BlackRock’s global Infrastructure platform
manages more than $6 billion in invested and committed assets in debt
and equity strategies.
Armando Senra, BlackRock’s head of Latin America and Iberia commented,
“We believe that Mexican infrastructure presents a substantial
investment opportunity for our clients and builds on BlackRock’s
long-standing presence in Mexico while demonstrating the Firm’s on-going
commitment to the region.”
About Pemex
Pemex is the most important company in Mexico and one of the largest in
Latin America and the biggest tax contributor to the Mexican government.
Pemex has become one of the few fully integrated oil companies,
developing its entire productive chain: exploration, production,
industrial processing/refining, logistics and marketing.
Its business involves a complex myriad of installations and advanced
technology, yet the core of the company is its experienced and trained
personnel. Pemex carries out extensive exploration and extraction
projects every year, generating approximately 2.5 million barrels of oil
daily and more than 6 million of cubic feet of natural gas.
It has 6 refineries, 8 petrochemical complexes and 9 gas processing
complexes, where it produces multiple refined products in order to
attend to customer’s needs in different segments.
Logistically, Pemex has 83 land and maritime terminals, as well as oil
and gas pipelines, maritime vessels, and varying fleets of ground
transportation in order to supply over 10,000 service stations
throughout the country.
Pemex seeks to continuously be a socially responsible company that works
under stringent safety, job, health and environmental protection
standards. It actively participates in protecting and contributing to
the communities where it operates by making significant donations to
public works, environmental protection and community building projects
with the goal of improving health and welfare. All this facts positions
Pemex as competitive oil company worldwide.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
March 31, 2015, BlackRock’s AUM was $4.774 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of March
31, 2015, the firm had approximately 12,300 employees in more than 30
countries and a major presence in key global markets, including North
and South America, Europe, Asia, Australia and the Middle East and
Africa. For additional information, please visit the Company’s website
at www.blackrock.com
| Twitter: @blackrock_news
| Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock
BlackRock Mexico
BlackRock has $109 billion in investments and 100+ employees dedicated
to Latin America with offices in Mexico, Brazil, Chile and Colombia. The
firm’s Mexico office consists of a 27-person team that manages $25
billion in AUM and delivers the firm’s institutional and wealth clients
a comprehensive range of local and international investment solutions
and services across asset classes, geographies and investment strategies.
BlackRock Infrastructure
BlackRock’s Infrastructure platform manages more than $6 billion in
invested and committed assets in debt and equity strategies. The
platform provides investors with infrastructure equity and debt
investments via funds, co-investments, managed accounts and multi
manager strategies. The team of investment professionals is based in New
York, London, Dublin, Mexico City, Paris and Zurich.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150601006186/en/
Media Inquiries
Tara McDonnell
BlackRock
Tel:
212-810-5337
tara.mcdonnell@blackrock.com
Source: BlackRock