Pemex signs deal with Global Water Development Partners

Pemex has entered into a partnership with Global Water Development Partners that will invest $800 million in water treatment infrastructure projects, according to Reuters, citing a statement from Pemex on Monday.

The joint investment will go toward storage and residual water treatment projects at Pemex oil production areas both onshore and offshore, as well as at refineries and petrochemical plants.

Reuters noted that Blackstone Energy Partners established Global Water Development Partners in 2014, and the company is owned by funds managed by the investment firm. 

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