(For other news from Reuters Latin America Investment Summit,click on http://www.reuters.com/summit/LatinAmerica13)
By Adriana Barrera and David Alire Garcia
MEXICO CITY, May 22 (Reuters) - Mexico's state oil monopolyPemex will boost capacity at its biggest refinery,Salinas Cruz, by around 9 percent or 30,000 barrels per day(bdp) once a $4 billion expansion is completed in 3-4 years, thehead of its refining arm said.
Miguel Tame, Director General of Pemex's refining arm, toldthe Reuters Latin American Investment Summit he also expectedthe ongoing expansion of its second biggest refinery, Tula, tobe complete by 2017.
Pemex is also looking for ways to tie up with refiners inthe United States to help lower its distribution costs, andwould ideally like a new refinery by Mexico's Pacific coastgiven opportunities for arbitrage.
Tame also hopes a planned government overhaul of Pemex willallow it to make strategic tie-ups with the private sector backhome in Mexico along the lines of Deer Park in the UnitedStates, which is a 50-50 joint venture with Shell Oil.
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(Reporting by Adriana Barrera, David Alire Garcia and SimonGardner; Editing by Diane Craft)
