Mexico · Energy
Key Facts
—The plan: the Vitol Mexico move would see the world’s largest independent oil trader open a fuel terminal in the country, its first physical foothold in the Mexican refined-products market.
—The asset: the Río Bravo terminal near the US-Mexico border holds about 270,000 barrels across 12 tanks for gasoline and diesel, built in 2020 but never operated.
—The scandal: Vitol admitted in December 2020 to bribing officials in Mexico, Brazil and Ecuador, with its US affiliate paying nearly $164 million to settle.
