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Mexican Maya Loadings to Drop by 30% in 2024 on Dos Bocas Ramp Up


Mexico’s Pemex intends to reduce exports of most oil grades from the country next year to gear up supply for its delayed Dos Bocas refinery according to Bloomberg sources.

  • Pemex has told buyers of heavy oil Maya that exports may be cut by around 30% next year – a drop of around 180,000 bpd – a staple for US Gulf refiners.
  • Dos Bocas, the country’s largest refinery, started operations in September but should not reach full capacity until late 2024 according to FGE or possibly in 2025 according to the IEA.

Source: Bloomberg

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