Mexican oil (pemex) explained the progress the parastatal company has made on energy issues during the administration of President Andrés Manuel López Obrador.
Within the day in commemoration of the 85th anniversary of the expropriation of oilPemex posted a series of videos on its official Twitter account documenting the morning press conference last Thursday, March 16, in which the head of the parastatal corporation, Octavio Romero, shared information on energy issues.
Pemex director focused on production of liquid hydrocarbons and showed graphs of the approximate production of crude oil in Mexico.
He reported that in 2018, 901 thousand barrels per day were imported (MBD) and in 2019 the behavior was similar, which was equivalent to “virtually 80% of what was consumed in the country was imported”.
In 2020 and 2021, Mexico’s oil production increased while crude oil imports declined. In 2022, the target was 598 thousand barrels of imports per day..
“In 2018, 901 thousand barrels per day (bd) were imported and national production was 359 thousand bd.
By 2022, we will begin to reduce imports and in 2024 we will produce one million 394 thousand barrels with Deer Park, the Olmeka refinery, the Tula Coke and Salina Cruz: @OctavioRomero_O pic.twitter.com/T2gGs5BEPI
— Petroleos Mexicanos (@Pemex) March 18, 2023
He recalled that in November 2018, 1,702 thousand barrels per day (mbd) were produced; in contrast to the production of March this year. 1915 million barrels per daywhich, according to forecasts, will produce more than 2 million one thousand barrels per day by the end of 2023, Pemex said in a statement.
In terms of hydrocarbon gas production, he noted that 3,811 million cubic feet per day (MMcfd) were produced in 2018; compared to what has been achieved in March of this year, 4,224 million cubic meters. feet per day. It is expected to reach 4,811 million cubic feet per day by 2024.
Regarding oil refining, the head of Pemex indicated that in November 2018, that is, at the end of the last administration, only 519 million bpd were processed, while In the current March, 1,179 million barrels per day were registered. thanks to 921 million barrels. per day, provided by the National Refining System (SNR), plus 258 million barrels. per day added by the Deer Park refinery.
“As for the processing of crude oil at 6 refineries in the country, out of 1 million 303 thousand barrels. barrels received for processing in 2004, we received them when processing 519 thousand barrels in 2018. DB”: @OctavioRomero_O#PEMEX#ForSavingSovereignty pic.twitter.com/rOKHgLGovE
— Petroleos Mexicanos (@Pemex) March 18, 2023
Concerning production of gasoline, diesel and jet fuelthe CEO of this institution recalled that only 300 Mbaud were registered in November 2018, as opposed to 720 Mbaud produced this month, which was achieved with a contribution of 491 Mbaud per day from SNR and 229 Mbaud per day from Deer Park.
The above is in response to the success in rescuing the oil industry, Pemex points out, as part of a strategy to achieve energy self-sufficiency.
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
