Redcliff

MMEX Resources Corp. said it plans to build a $450 million, 50,000 b/d capacity crude oil refinery in the West Texas portion of the Permian Basin, at a site 20 miles northeast of Fort Stockton. The facility is to be built on a 250-acre site in Pecos County, near the Sulfur Junction spur of the Texas Pacifico Railroad using existing infrastructure to export diesel, gasoline, jet fuel, liquefied petroleum gas and crude oil to western Mexico and South America. Upon completion of the permitting process, construction is slated to begin in early 2018. MMEX added that the facility, which is projected to begin operations in 2019, is also subject to completion of required debt and equity financing.