The Port Authority of the northwestern Spanish city of La Coruña expects to award in early October the concession requested by Mexican state-owned oil giant Pemex to operate a bulk liquids terminal in the outer port.
Petroleos Mexicanos, or Pemex, has asked for 30,000 sq. meters (322,494 sq. feet) in the port for a facility to blend gasoline for export to Mexico.
The publication of the request in Spain's Official Bulletin of the State, or BOE, means that the one-month period for other companies to bid on the project will end on Sept. 30, opening the way for the rights to be granted in early October.
Pemex said it planned to invest $70 million in the terminal, which will be completed in two phases and process between 2 million tons and 2.5 million tons annually.
Pemex, the world's No. 4 oil company, asked for a 35-year franchise, the longest allowed under Spanish law.
The terminal will serve as a logistics base for Pemex's operations in Europe. EFE