Avant Energy invests US$500 million in Mexico

Avant Energy announced that it is going to apply a total of US$500 million for the construction of Supera (Altamira-Bajio Petroleum Supply), which will consist of two storage and distribution terminals for refined oil products in Altamira and Queretaro. “We are considering keeping five days of strategic inventory, this number will grow as estimates increase, according to the Energy Ministry’s storage policy,” said Luis Farias, CEO of Avant Energy.