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Dos Bocas Refinery at 36.8% Capacity: Bloomberg

OIL PRODUCTS

Mexico’s new 340k b/d Olmeca refinery (Dos Bocas) was operating at 36.8% capacity as of Aug. 12, according to documents seen by Bloomberg.

  • On Aug. 12, the refinery processed 125k b/d of heavy Maya crude, compared to an average of 118k b/d between Aug. 1-11.
  • Buyers of heavy Mexican crudes are continuing to follow the refineries ramp up closely for signs of Pemex cutting its exports of the grade.
  • Pemex had previously stated Aug. 5 that Olmeca would hit full capacity by Aug. 21, but the timeline has been met with delays in the past.

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