Crude throughput rates at the country’s six Petroleos Mexicanos refineries fell again in September, while The production of polluting fuel oil has exceeded the production of gasoline.
According to the latest data from Pemex, the refining level in the ninth month of the year amounted to 767 thousand 994 units. barrels per day (bbl per day), which is 3.6% less than in August and 1.5% less than last year. This year the average is 812,587 barrels per day.
As a result, oil production in September fell 7.3% month-on-month to 826,500 bpd and down 5.6% year-on-year. Gasoline production amounted to 226.1 thousand barrels per day, which is 6.5% less than in August, and diesel fuel production amounted to 99.7 thousand barrels per day, which is 35% less than in August.
On the contrary, what Production of fuel oil, typically used to generate electricity, rose 22.5% to 281 miles 200 barrels per day.much higher than gasoline.
Refining and oil production data show Pemex is struggling to meet energy sovereignty goals promised by President Andres Manuel Lopez Obrador, who is handing over power in less than a year.
The President assures that the new test Olmeca refinery, known as Dos Bocas and capable of processing 340 thousand barrels per day, will soon produce 170 thousand barrels per day of gasoline and 120 thousand barrels per day of diesel fuel, but analysts and experts find it difficult.
Until recently, Energy Minister Rocio Nale said last month that Olmeca would reach full capacity by the end of the year. But last week Pemex CEO Octavio Romero said there was still no interconnection between the factoriessuggesting there is still work to be done at the fuel plant.
In addition to adding Dos Bocas barrels, the government says production of two new coke plants – one expected to come online in late 2024 and the other in early 2025 – and the Deer Park plant in the U.S. States will help Mexico stop fuel imports and oil exports, because everything will be processed at home.
Pemex has invested billions of dollars in recent years to rebuild its refineries as part of the huge resources the government has poured into “rescue” the debt-ridden state-owned company, the country’s biggest taxpayer.
On the other hand, Pemex also reported that its crude oil production with partners was 1.59 million bpd in September, up from 1.60 million bpd in August, and 286,000 bpd of condensate, up from 277,000. . barrels per day in August. (Reuters)
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.
