Pemex Boosts Oil Refining Output by 3.4% Thanks to Dos Bocas Operations

Pemex increased its crude processing output by 3.4% to 976,812 barrels daily, largely driven by the operations at Dos Bocas, despite declines in five of its seven refineries.

From January to September, Pemex processed an average of 976,812 barrels daily, marking a 3.4% annual increase attributed to the newly operational Dos Bocas refinery.
Despite the overall increase, five of Pemex’s seven refining centers experienced declines in crude processing, indicating potential operational challenges within the company.
The rise in oil refining output is crucial for Pemex as it seeks to reduce dependency on Export markets and enhance domestic fuel availability amidst ongoing competition from PDVSA in Venezuela.

Por Qué Es Relevante

This increase in Pemexs output is significant as it reflects efforts to strengthen Mexicos energy independence while highlighting challenges in refining operations. With competition from PDVSA in Venezuela, these developments could reshape regional oil dynamics.