EconomyFinancialPemex advances in its goal and reports its highest...

Pemex advances in its goal and reports its highest gasoline production since 2017

The state-owned Pemex has not been able to meet its crude production targets, but it made progress in its goal of increasing gasoline production and, last year, raised this figure to levels not seen since 2017.

The oil company reported a production of 232,000 barrels per day of gasoline, an increase of 25% compared to a year earlier, when it produced 186,000 barrels per day, according to statistics published this afternoon by the state company. The company has placed fuel production at the center of its strategy, despite being considered a not-so-profitable activity and pointed out by analysts as a strategy that may not be sustainable in the long term.

Pemex managed to increase gasoline production at its six refineries without making a big cut in its exports. President Andrés Manuel López Obrador has assured that the latter will be gradually reduced to give priority to national demand and refinery consumption. The plan states that the state company will stop exporting oil in 2023.

During last year, Pemex averaged exports of 1,018 million barrels per day, a decrease of 9% -equivalent to 102,000 barrels- compared to a year earlier.

Soon more information…

For the first time, Pemex exports a shipment of crude oil from a private...

The cargo contained crude oil from three fields awarded to the Italian ENI in 2015. The ship would have been destined for Spain, sources told Expansión.

Good news: For the second week the 100% gasoline subsidy continues

From October 22 to 28, the Special Tax on Production and Services (IEPS) will not be charged on Magna, Premium and diesel fuels.

#GuacamayaLeaks: Sedena leaks link Adán Augusto López with the huachicol network in Tabasco

The name of the former governor of Tabasco, today Secretary of the Interior, is part of a network dedicated to fuel theft that federal investigations call 'The Olmec Case'.

"The little skull" is ahead of your pocket: 100% subsidy returns to Magna and...

From Saturday October 15 to Friday October 21, the Ministry of Finance will not charge the federal IEPS tax on gasoline and diesel, there will also be additional incentives for importers and producers.

Why are there such long lines at gas stations in this European country?

In several regions of the European country, long lines can be seen at fueling stations due to the stoppage at refineries.