NEW YORK, April 24 (Reuters) - Valero Energy Corp's VLO.N license to import fuel into Mexico was reinstated following a suspension in early April, the U.S. refiner's Chief Operating Officer Gary Simmons told analysts on the company's first quarter earnings conference call.
Tax authorities in Mexico, the largest buyer of U.S. motor fuels, suspended Valero's import license earlier this month amid an intensifying crackdown against illegal motor fuel flows to the country.
(Reporting by Shariq Khan and Nicole Jao in New York)
((Shariq.Khan@thomsonreuters.com; Twitter/X: @shariqrtrs; Office: (646) 261-7893;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.