Mexico’s Obrador Intends to Cut Fuel Imports in 3 Years

Discussion in 'Latin America' started by longknife, Jul 8, 2018.

  1. longknife
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    longknife Diamond Member

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    Plans on building two new refineries and strengthen PEMEX, the national petroleum service. May plan on updating existing refineries that are producing way below capacity.

    So far this year, Mexico has imported an average of about 590,000 barrels per day (bpd) of gasoline and another 232,000 bpd of diesel, as output at the country’s domestic refineries has steadily declined.

    Foreign gasoline imports have grown by nearly two-thirds, while diesel imports have more than doubled since 2013, the first year of outgoing President Enrique Pena Nieto’s term, according to data from national oil company Pemex.

    Meanwhile, the six oil refineries in Mexico owned and operated by Pemex are producing at far below their capacity, or an average of 220,000 bpd of gasoline so far this year.

    And the imports are coming from – the USA.

    More @ Mexico’s next president aims to end foreign fuel imports in three years | One America News Network
     

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