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AMERICAS OIL: Pemex Refineries Process Most Crude in 8 Years with New Plant

AMERICAS OIL
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Pemex Refineries Process Most Crude in 8 Years with New Plant: Bloomberg

  • Pemex’ seven refineries in Mexico processed 905.6kb/d in crude oil last year, the most since 2016, after it commissioned the new Dos Bocas facility, according to company data.
  • Overall, refineries increased crude processing by 14% from the previous year. 
  • Runs rose as Pemex started the Dos Bocas refinery and as the Mexican government pushes to boost domestic fuel making in order to curb costly fuel imports from countries like the US.
  • Highlights of 2024 included Cadeyta, Madero, Minatitlan operating at a 9-year high; Salina Cruz at an 8-year high; and Dos Bocas (340kb/d) processed 23kb/d.
  • Highlights of December included oil processing at a 3-month high; capacity utilization at 44.5% and below half for the fourth straight month. Dos Bocas processed 43kb/d, down 27% from the previous month. 
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Pemex Refineries Process Most Crude in 8 Years with New Plant: Bloomberg

  • Pemex’ seven refineries in Mexico processed 905.6kb/d in crude oil last year, the most since 2016, after it commissioned the new Dos Bocas facility, according to company data.
  • Overall, refineries increased crude processing by 14% from the previous year. 
  • Runs rose as Pemex started the Dos Bocas refinery and as the Mexican government pushes to boost domestic fuel making in order to curb costly fuel imports from countries like the US.
  • Highlights of 2024 included Cadeyta, Madero, Minatitlan operating at a 9-year high; Salina Cruz at an 8-year high; and Dos Bocas (340kb/d) processed 23kb/d.
  • Highlights of December included oil processing at a 3-month high; capacity utilization at 44.5% and below half for the fourth straight month. Dos Bocas processed 43kb/d, down 27% from the previous month.