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Pemex refining in freefall

Tuesday, February 7th, 2017 Category: Downstream & Pricing
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Pemex refining in freefall

Pemex reported refining data for December. Fuel production continues to fall due to the company’s multiple problems in its refineries. Pemex has had to increase gasoline imports because of this.

Pemex’s refining stood at 798mbd last December. This represents a 30.35% decrease compared to the same month of 2015, according to Pemex data.

The figure was 977mbd for 2016 on average. This is 12% lower than 2015, when the company reported a refining production of 1,114mbd.

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