Coral North is the second project for the development of the considerable gas resources discovered by Eni in Area 4 of the Rovuma Basin. The Floating Liquefied Natural Gas (FLNG) unit will have a capacity of around 3.5 MTPA (million tons for year). Managed by Eni and its partners, the project involves the deployment of a second Floating Liquefied Natural Gas (FLNG) facility to double the region’s LNG production, building on the success of the Coral South project.

PEMEX is investing in constructing two new coker plants at the Tula refinery and Salina Cruz refinery, scheduled to go online in 2024, to phase out fuel oil production. The Salina Cruz cracking refinery, located in Oaxaca, Mexico, is a non-integrated cracking facility owned by Petroleos Mexicanos. It commenced operations in 1979 and boasts a Nelson Complexity Index (NCI) of 8.1. Works on the Salina Cruz unit began in 2022. The plant is expected to contribute to the elimination of fuel oil and the increased production of ultra-low sulfur gasoline and diesel at the refinery.