Olmeca Refinery in Dos Bocas Remains Behind Schedule

Mexico’s Olmeca refinery in Dos Bocas is set to be inaugurated on Friday by the country’s president, shortly after which, the refinery will begin a test process with the aim of then increasing production though a timeline is uncertain.

• Mexico’s president, Andrés Manuel López Obrador, has pushed for the refinery to reduce the countries dependence on costly refined product imports, most of which arrive from the US Gulf.
• The refinery is not yet finished and is not expected to be running near capacity until at least 2025-2026. When finished, the refinery is designed to have a capacity of 340,000 bpd. It is not clear what the production capacity of the refinery will be over the short term.
• The countries energy minister has refused to say when the refinery will begin producing fuels but has said, "A year is a reasonable amount of time, I'd like to do it sooner".
• Pemex refineries have been consistently running well below capacity this year based on company data.