EconomyFinancialPemex plans to reduce crude exports to 435,000 bpd...

Pemex plans to reduce crude exports to 435,000 bpd in 2022

Mexico's state-owned Pemex expects to export just 435,000 barrels per day (bpd) of crude in 2022, its director, Octavio Romero, said Tuesday as the company allocates more oil to refining.

The estimate is well below what is planned in the budget approved by the Chamber of Deputies for next year, of 979,000 bpd and the average of around 1 million bpd exported until November 2021.

President Andrés Manuel López Obrador has said that one of the goals of his administration is to achieve self-sufficiency in gasoline production and reduce the country's large imports.

Pemex and the risks it faces when it stops exporting crude

Although, if carried out, the plans would have an impact on public finances, there are other risks that have not been included in the public discussion.

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Octavio Romero Oropeza, director of Pemex, said that the government will reduce the tax burden on Pemex in order to maintain fuel prices.

Pemex's priority fields fail to meet expectations

The government began his administration with an ambitious goal: to raise oil production to levels not seen in a decade. Today, he has failed to move forward with the plan.

The ASF indicates that Pemex omitted fines for 159 million pesos to the contractor...

The Superior Auditor of the Federation affirms that J. Ray Mcdermott delivered the works in the Ku-Maloob-Zaap deposit more than 300 days late, but did not apply the corresponding sanctions.

Moody's sees cost overrun risks at Deer Park and Dos Bocas refineries

The rating agency considers that the projects add to the capital expenditure burden of the parastatal and generate "doubtful" investment returns.