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OIL PRODUCTS: Pemex Aims to Cut Fuel Imports to 20kbpd in Q1 2025

OIL PRODUCTS

Mexico's Pemex plans to cut fuel imports to 52kbpd in September and 20kbpd in Q1 2025, according to CEO Octavio Romero Oropeza on July 19, cited by Reuters.

  • Lower imports will follow the ramp up of production of its own refined products, he added.
  • Mexico’s gasoline imports rose to 358.5kbpd in May according to official figures after the country reduced its imports in March and April on higher refinery runs. A delayed start for the major Dos Bocas refinery resulted in a return to the import market.
  • Pemex’s Dos Bocas refinery in Mexico is now ramping up production and running crude for the first time according to Bloomberg reports but still faces issues. Bloomberg reported last week that the refinery was producing gasoline blendstock for the first time.

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