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Pemex Refinery Run Rates Rise to Highest Since May 2017


Pemex domestic refineries increased utilisation rates to the highest since May 2017, according to company data compiled by Bloomberg.

  • Utilisation rates rose to 58.6% in January compared to 50.6% in December. Mexico’s six refineries have name plate total capacity of 1.627m b/d.
  • The new 340k b/d Olmeca refinery began operations in September, but Pemex did not disclose data for it. Mexico’s President said on X that it should start producing fuels by Feb. 28 while Bloomberg headlines this week suggest diesel and gasoline production in the coming weeks.
  • Uncertainty however surrounds maintaining the high utilisation rates after an explosion was reported at the Tula refinery this month.

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