Mexican President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, also known as Olmeca, will commence operations in February 2024.
The refinery, located in the state of Tabasco, will have a processing capacity of 340,000 bbl/d at full tilt, López Obrador, also known as AMLO, said Jan. 15 during his daily news briefing. It will supply 20% of the gasoline consumed in Mexico.
“That’s why it is important,” AMLO said. “It was a very good decision to build this refinery.
State-owned Petróleos Mexicanos (Pemex) processed an average 1,064,00 bbl/d in 2023, of which 794,000 bbl/d (75%) was produced in Mexico and 270,000 bbl/d (25%) was produced in Texas at the company’s Deer Park refinery.
AMLO’s political mandate has favored achieving energy self-sufficiency through increased domestic production and refining capacity. His presidential term comes to an end later this year.
RELATED: Pemex Reports Higher Q3 Production, Lower GHG Emissions
Recommended Reading
Bakshani: Midstream Exhibiting M&A Fever Symptoms
2024-05-20 - East Daley Analytics identified several market factors in the midstream sector that point to further consolidation ahead.
Exclusive: Adkins on Challenged Gas Prices, Growing Crude Demand
2024-05-15 - J. Marshall Adkins, head of energy investment banking at Raymond James, details the future of natural gas prices and misconceptions about crude demand coming to an end in this Hart Energy Exclusive interview.
CoolCo, GAIL Enter Long-term LNG Agreement
2024-05-16 - CoolCo and GAIL’s agreement is intended to secure long-term LNG supply in India’s market, with GAIL having an option to extend the 14-year agreement by another two years.
ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor
2024-05-15 - ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.
Linde Doubles Production Capacity at Gulf Coast Facility
2024-05-14 - Linde’s expansion of the production capacity at its air separation facility in La Porte, Texas, will help meet growing demand for industrial gases in the area.