Pemex announced this Saturday What production of commercial gasoline and diesel fuel in the new Olmec Oil Refinery will “at full capacity” at the end of March, several months after other previously announced work deadlines had been met open July 2022.
In early December, Pemex said it was reviewing the port’s refinery capacity. Two mouthsin southeastern state Tabascoto plan “start dates” for one of the president’s flagship projects Andres Manuel Lopez Obrador.
“In a few more weeks, this great refinery, this great work, will be up and running. commercial; We are going to start producing diesel fuel first, then regular gasoline, and by the end of March we will reach (…) maximum capacity,” the company’s director said on Saturday. Octavio Romeroon a social network X.
In September, then-Energy Minister Rocio Nalereported that this is already happening primary gasoline in Olmec and that he got his first shipment of crude oil. López Obrador himself then assured that by the end of 2023, Olmeca would produce tens of thousands of barrels of fuel.
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Both announcements were greeted with suspicion by experts and Pemex executives themselves, who spoke anonymously. Olmec has capacity 340,000 barrels per day (barrels per day), and its value has more than doubled since the original promise $8 billion.
Romero added in his post on X than other Pemex refinery, Deer Parkpurchased in Texas (USA) two years ago, is gives “excellent” results. “The refinery was paid for the first year, and with that year’s profits we pretty much repaid what it cost us.”
López Obrador, who ends his six-year term in October, has promised achieve fuel self-sufficiency by 2024 with Olmeca and Deer Park, the modernization of the remaining six oil refineries in the country and the operation of two coke plants that are still far from commissioning.
Meanwhile, the oil company, the world’s most indebted state-owned energy company, continues to import huge volumes of gasoline and diesel, albeit in smaller quantities than in the previous six-year period.
(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.
