President Enrique Peña Nieto announced that as a result of the investment projects to be undertaken by Petróleos Mexicanos, the Miguel Hidalgo de Tula Refinery will be reconfigured.

A total of $6.598 billion USD will be earmarked for this investment.

The Miguel Hidalgo Refinery is currently the second largest in the National Refining System, with a capacity of 315,000 barrels a day.

Its reconfiguration will make it the largest refinery in the country:  involving an investment of $4.825 billion USD.

It will be assigned $250 million USD for the production of clean fuels, $770 million USD for Ultra Low Sulfur diesel and $753 million USD for energy cogeneration projects.

35% of this reconfiguration has been achieved, with the refinery being scheduled for completion during the first half of 2018.