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Mexico's Reliance on Fuel Imports Remains

REFINING

Mexico’s Pemex imported 11% more gasoline in May than the month prior, a further indication of AMLO’s lack of ability to reduce his countries reliance on imports.

  • Mexico’s gasoline imports rose to 358,500 bpd in May according to the official figures.
  • The country reduced its imports in March and April on higher refinery runs but a number of issues and a delayed start for the major Dos Bocas refinery have resulted in a return to the import market.
  • Mexico refined 267,000 barrels per day of gasoline in May, a 10% decrease from the previous month.
  • A Reuters source said on Monday that in the most optimistic scenario the first of two production lines of the Dos Bocas refinery would be ready between October and November.
  • It had reported that progress had been exaggerated towards the end of AMLO’s tenure as president.
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