Mexico Offers Oil to New RefineryFrom Reuters
Specifics are still scant, but her speech marks a sharp departure from the energy policy of former President López Obrador, a fierce defender of fossil fuels who, among other things, spent more than $20 billion to build a new oil refinery and stopped the auctions that had allo...
Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery, half a dozen traders said, marking an about-turn by state energy company Pemex. The purchases for next year signal that t...
The refinery on the Gulf of Mexico is one of the key infrastructure projects of the current Mexican administration, which hopes to strengthen the country's energy self-sufficiency. President Andres Manuel Lopez Obrador said the refinery aims to wean the country off oil product imports and give "...
MEXICO CITY, Nov. 3 (Xinhua) -- Mexican President Enrique Pena Nieto revealed on Friday that the national oil company, Pemex, had made Mexico's largest onshore oil discovery in 15 years. Pena Nieto made the announcement during a visit to Pemex's Tula refinery, saying that drilling the on...
“The heavy crude market is tight and it’s only Mexico at the moment. The tariff would essentially make the crude uneconomical and we may have no choice but to consider run cuts,” said one Washington-based refinery lobbyist. Refiners have said that could drive up the price o...
However, many felt that López Obrador’s plan to build a costly new oil refinery at a time when Mexican refineries already were operating at only about 40 percent capacity was badly misguided. Mexico was especially hard-hit by the coronavirus SARS-CoV-2 pandemic that swept the globe in 2020...
In February, the country’s six refineries operated near the highest rates seen in more than six years. Oil use should keep rising as Pemex works to start commercial operations of the new Olmeca refinery, also known as Dos Bocas, with capacity to process 340,000 barrels of crude oil ...
oil refinery in Mexico An oil refinery on the Tabasco Plain, near Villahermosa, Mexico. © Robert Frerck/Odyssey Productions Cancún, Mexico Coastline of Cancún, a popular resort city in Mexico. © Digital Vision/Getty Images Library of the National Autonomous University of Mexico ...
A new oil refinery by state-owned Pemex of Mexico is under construction and will reach its total operational capacity by 2023. This will enable Mexico to get 800,000 barrels per day of gasoline and between 500,000 and 600,000 barrels per day of diesel in 2023. ...