Pemex’s commercial arm, PMI, points to a reduction of crude oil exports in 2025 because it hopes to send greater quantities to its local refinery, especially Olmeca, which is in the starting phase.
Olmeca, with a capacity of 340,000 barrels per day, has faced problems to start and maintain a stable processing and production level, despite the fact that Pemex and the government announced in the past that it would be close to manufacturing large amounts of fuels and meet domestic demand.
The director of PMI, Margarita Pérez, said Monday that once Olmeca is operating completely, about 100,000 BPD of crude, which would lead to a local joint processing of 1.2 million BPD are expected to be sent and there would be about 400,000 BPD for export.
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Pemex faces serious problems to stop a decline in its production of hydrocarbons. Although it has a production goal of 1.8 million BPD of crude and condensate, currently around 1.6 million BPD.
The official said that from two mouths several diesel cargoes have been sent abroad. Reuters reported in April that Pemex exported a cargo of ultra low sulfur diesel (Duba) reprocessing in Olmeca because the infrastructure to transport the necessary fuel for engines throughout the country is not ready.
“We have exported from the two mouth refinery, as production is starting, (…) some diesel cargoes in what we have the complete regional balance of a more stable production,” he explained in an event.
With Reuters information
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