Mexico seeks to improve its oil self-sufficiency

10 Jul 2018

The new President of Mexico wants Mexico to stop massive fuel imports - mainly from the United States - within three years. Mexico will seek to boost crude oil production by reviving oil exploration and drilling, since domestic production has been falling for years. One large or two medium-sized oil refineries could be built in the states of Tabasco or Campeche by the end of the President's six-year term, to increase the production of value-added fuels.

In the first six months of 2018, Mexico imported around 590 kb/d of gasoline and 232 kb/d of diesel; this is nearly 2/3 more than in 2013 for gasoline and more than twice the 2013 level for diesel. Gasoline production was 50% lower than in 2013 as Pemex's six oil refineries are operating far below their capacity (220 kb/d of gasoline in the first half of 2018) and domestic gasoline production only covers 1/4 of national demand.

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