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Diesel Production at Dos Bocas Refinery to Start in May: Pemex

OIL PRODUCTS
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Mexico’s new 340k b/d Olmeca refinery in Dos Bocas, Tabasco, will begin diesel production in May, according to a Q1 earning’s call from Pemex.

  • Pemex was planning to cut at least 330k b/d of crude exports in May at it diverts supplies to domestic refineries but reversed this decision amid smaller-than-expected oil demand.
  • The Dos Bocas refinery alone is expected to need an average of around 179k b/d of crude in 2024.
  • The refinery is running behind schedule and over budget, according to Reuters.
  • The Mexican government’s intention is to become self-reliant for gasoline production, keeping its heavy crude for domestic production.
  • Currently, Mexico is reliant on the USGC for much of its gasoline supplies, and exports crude to refineries in the USA.
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Mexico’s new 340k b/d Olmeca refinery in Dos Bocas, Tabasco, will begin diesel production in May, according to a Q1 earning’s call from Pemex.

  • Pemex was planning to cut at least 330k b/d of crude exports in May at it diverts supplies to domestic refineries but reversed this decision amid smaller-than-expected oil demand.
  • The Dos Bocas refinery alone is expected to need an average of around 179k b/d of crude in 2024.
  • The refinery is running behind schedule and over budget, according to Reuters.
  • The Mexican government’s intention is to become self-reliant for gasoline production, keeping its heavy crude for domestic production.
  • Currently, Mexico is reliant on the USGC for much of its gasoline supplies, and exports crude to refineries in the USA.