MEXICO CITY, Oct 18 (Reuters) - Mexican Energy Minister
Rocio Nahle said on Sunday that construction of the country's
new refinery at the southern Gulf coast port in Dos Bocas was
almost a quarter completed.
A confidante of Mexican President Andres Manuel Lopez
Obrador, an energy nationalist who favors a stronger state role
in the sector, Nahle said construction was 24% completed and had
entered the next phase. The government has said it aims to
finish the refinery by 2022.
The government has put an $8 billion price tag on the
refinery, but independent analysts have said that figure is low.
Investors and ratings agencies have criticized the project,
arguing that resources should go instead to more profitable
parts of state oil company Petroleos Mexicanos, or Pemex
"We want to be self-sufficient," Lopez Obrador reiterated at
the same event, held in his home state, Tabasco. "It's very
important that we continue with this project."
(Reporting by Abraham Gonzalez; Writing by Stefanie
Eschenbacher; Editing by Peter Cooney)