Mexico has been named as the International Energy Agency's 30th member country.
The latest downstream news
Yokogawa Electric Corp. has released a software package to optimise supply chain and operations.
Petrogress and A&E Petroleum have agreed to form a corporation to engage in oil and gas business opportunities in Nigeria.
Integration tests between Implico’s terminal management system and TechnipFMC’s metering and control system have been successfully completed.
Royal Vopak has announced that it is expanding gasoline and biofuels storage at the PT Jakarta Tank Terminal.
The company has been awarded a contract to supply high-pressure CNG TITAN tanks for fuel storage onboard a LNG gas supply vessel (GSV) being built for Babcock Schulte Energy.
Intercontinental Exchange and Magellan Midstream have successfully launched an auction for short-term crude storage capacity at the East Houston Terminal.
Haldor Topsoe and JITRI have formed a joint R&D company to accelerate development of innovative technologies for Chinese market.
The agreement will see the two companies focus sharing of technical expertise in relation to spill preparedness and response.
The new state-of-the-art center aims to strengthen regional cyber security preparedness for industrial and critical infrastructure.
Mexico officially became the International Energy Agency's (IEA) 30th member country on 17 February 2018, and its first member in Latin America.
The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican Senate.
Mexico's accession is a cornerstone of the IEA's ongoing modernisation strategy, including ‘opening the doors’ of the IEA to engage more deeply with emerging economies and the key energy players of Latin America, Asia and Africa, towards a secure, sustainable and affordable energy future.
The IEA Family of 30 Member countries and seven Association countries now accounts for more than 70% of global energy consumption, up from less than 40% in 2015.
"With this final step, Mexico enters the most important energy forum in the world," said Joaquín Coldwell, Mexico's Secretary of Energy. "We will take our part in setting the world's energy policies, receive experienced advisory in best international practices, and participate in emergency response exercises."
"It is a historic day because we welcome our first Latin American member country, with more than 120 million inhabitants, an important oil producer, and a weighty voice in global energy," said Dr Fatih Birol, the IEA's Executive Director. "The ambitious and successful energy reforms of recent years have put Mexico firmly on the global energy policy map."
At the last IEA Ministerial Meeting, held in November 2017 in Paris, France, ministers representing the IEA's member countries unanimously endorsed the rapid steps Mexico was taking to become the next member of the IEA, providing a major boost for global energy governance. They recognised that Mexico had taken all necessary steps in record time to meet international membership requirements since its initial expression of interest in November 2015. In December, the Mexican Senate ratified the IEP Agreement paving the way for the deposit of the accession instrument and for membership to take effect.