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First Reserve and BlackRock buy 45% of the Los Ramones II pipelines for US$900 million.

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Report summary

Pemex has sold its 45% stake in Los Ramones II Norte and Los Ramones II Sur pipelines for about US$900 million. This represents the first major midstream deal undertaken by Pemex since Mexico's historic energy reform in 2013. Furthermore this is the first infrastructure investment for BlackRock in Mexico and further deepens First Reserve's commitment to investing in the country.

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    First Reserve and BlackRock buy 45% of the Los Ramones II pipelines for US$900 million.

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