MMEX Resources Corp. recently completed the third and final leg of its product sales with another international company for its planned Pecos County projects.
MMEX plans to build a crude oil refinery complex in the Permian Basin in two phases, with Phase 1 being a 10,000-bpd crude distillation unit expected to produce diesel, naphtha and residual fuel oil, and Phase 2 being a full-scale crude oil refinery with capacity of up to 100,000 bpd, projected to produce a full slate of refined products. Completion of the Phase 1 distillation unit is contingent upon obtaining the necessary financing for the project.
For more information, visit www.mmexresources.com or call (855) 880-0400.