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Home > Boards > US OTC > Oil/Gas/Natural Energy Production > MMEX Resources Corp. (MMEX)

MMEX refinery income.. Doing some DD it looks

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HokieHead   Tuesday, 03/21/17 12:34:28 AM
Re: Womack post# 14796
Post # of 70503 
MMEX refinery income..

Doing some DD it looks like Tesoro's Bakken refinery (Tesoro $10 billion market cap NYSE stock) which stated below back in 2016 when there was the oil glut, was going to generate more than $20 million in yearly INCOME (not sales) on its 19,000 BPD. MMEX refinery will be state of the art and 2.5 times the size telling me the MMEX refinery could be doing approximately $50 million in income a year. No wonder they are getting so many inquiries to be part of the project.

Tesoro Corp. CEO Greg Goff said in a news release the company expects to generate more than $20 million in income each year from the refinery “even if the current economic conditions continue.”

"Looking ahead to 2017, we are excited about the potential opportunities that we see from an attractive refining market environment, strong consumer demand for gasoline and numerous strategic initiatives underway to continue to improve operating income."


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