Pemex will deliver Isthmus crude which is mainly produced in the Campeche zone, Mexico.
The crude will be transported in six cargoes from Pemex’s Salina Cruz terminal on the southern Pacific coast between this August and January 2016, reported Reuters. This will be in addition to about four million barrels shipped to JX Nippon in the first half of the year.
The deal comes in line with Pemex’s plans to develop ties with Asia.
Pemex said in a statement: "These operations contribute to the strengthening of Mexico as an important supplier of crude to the Far East, the highest-growing region in the world."
Separately, Pemex is planning to submit requests for tie-ups with private companies for five deepwater fields in the Gulf of Mexico.
The five fields include Trion, Exploratus, Maximino, Kunah and Piklis. The company has previously submitted sale requests for 11 of 16 fields, to the Mexican energy ministry.
The Mexican Government is considering privatization of oil and gas fields following ending of monopoly of 75-year-old Pemex in 2013.
