Likewise, the general director of Pemex, Octavio Romero Oropeza, highlighted that with the addition of the Olmeca refinery this year, production will be achieved 1,708 million barrels per day throughout the system.
At the end of AMLO's six-year term, Petróleos Mexicanos (Pemex) will remain 77,000 barrels per day below the fuel self-sufficiency promised by President Andrés Manuel López Obrador, even though this account will include the full operation of the Dos Bocas refinery. that of Deer Park in Texas and the modernizations of the National Refining System.
This was confirmed by the general director of the state oil company, Octavio Romero Oropeza, who during the celebration of the 86th anniversary of the Oil Expropriation stressed at the company's central offices, located in the Miguel Hidalgo delegation, that the new Olmeca de Paraíso refinery , Tabasco, will be fully operational in September of this year.
“In September, and with the stable operation of the new Olmeca refinery, we will be reaching a process level of 1,708 million barrels per day in our refineries,” he said, since in March of this year the process of the new coker that will be added will be added. installs in the Tula refinery and the crude oil process will be increased by 1,031 million barrels in the six refineries that already operate the National Refining System.
By including the process that is carried out in the Deer Park plant located in Texas, which Pemex acquired in its entirety almost three years ago by purchasing half of Shell, in March a process of 1,299 million barrels per day was reached, of which 1,031 million are from the six refineries in the national territory, a volume that has increased by 102% since 2018, when it had fallen to 511,000 barrels per day.
According to the manager, at the end of 2024, Pemex will have an oil production volume of 1,876 million barrels per day of liquid and condensed hydrocarbons, which in January stood at 1,829 million barrels per day, although crude oil is only 1,549 million. barrels per day.
President López Obrador supported Romero Oropeza's expectations, also highlighting that the promised self-sufficiency will not be achieved.
“In September we will import only 6%, we will be practically self-sufficient,” said the president.
REDUCTION OF FINANCIAL DEBT
On the other hand, the Mexican state oil company expects to close the year with a financial debt of US$94.5 billion, Romero clarified this Monday, compared to US$106.1 billion at the end of 2023.
Octavio Romero added at an event commemorating the oil expropriation that the company will continue to comply with its planned debt payments.
"For the remainder of this administration, we will not contract new financing and we will continue with the payment of scheduled amortizations, so it is estimated to close this year with a debt balance of US$94.5 billion," said the official.
Shortly before, in the same speech, he had said that Pemex's local refineries will be processing 1.7 million barrels per day (bpd) by the end of 2024.
Romero specified that the six local refineries in operation are jointly processing more than one million bpd and that by adding the new Olmeca refinery, which is expected to begin production in the coming weeks, capacity will rise to 1.7 million bpd. .
