General Announcement::IENOVA EXECUTES AGREEMENT WITH MARATHON

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Oct-2018 00:36:51
Status
New
Announcement Sub Title
IENOVA EXECUTES AGREEMENT WITH MARATHON
Announcement Reference
SG181025OTHRACCR
Submitted By (Co./ Ind. Name)
Luis Perez
Designation
Financial Reporting Sr Manager
Description (Please provide a detailed description of the event in the box below)
IENOVA CONFIRMS EXECUTION OF A LONG-TERM TERMINAL SERVICES AGREEMENT AT ITS MARINE TERMINAL FOR THE RECEIPT, STORAGE, AND DELIVERY OF REFINED PRODUCTS IN TOPOLOBAMPO, SINALOA


The agreement allows Marathon Petroleum to use approximately 50 percent of the terminal s initial capacity of 1 million barrels

Mexico City, October 23, 2018 IEnova announced the execution of a long-term Terminal Services Agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for approximately 50 percent of the initial capacity (1 million barrels) of IEnova s marine terminal for the receipt, storage, and delivery of refined products in Topolobampo, Sinaloa, Mexico.

As announced previously, IEnova will be responsible for all aspects of project implementation of the marine terminal, including permitting, engineering, procurement, construction, financing, operations, and maintenance. With an IEnova investment of approximately US$150 million, the marine terminal is expected to begin commercial operations in the last quarter of 2020.

The marine terminal will enable MPC to supply gasoline and diesel to its growing network of ARCO -branded service stations in the states of Sinaloa and Sonora. This marine terminal will enhance supply options, improve logistics, and increase refined product supply reliability on the West Coast of Mexico, which will translate into benefits for consumers in the region.


The remaining 50 percent of the initial capacity of the terminal has been contracted with another company, as previously announced.

Attachments

IEnova_Topolobambo MPC - English.pdf
Total size =644K