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Crude Processing in Mexico Up 9% -Pemex CEO

April 10, 2018

Carlos Trevino (Photo: PEMEX)

Mexican national oil company Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, Chief Executive Officer Carlos Trevino said on Tuesday.

Trevino told reporters that current processing levels stand at about 834,000 barrels per day (bpd), which compares to crude processing of about 767,000 bpd last year, according to Pemex data.

The executive, who took the reins of the state-run company in November, said he expects processing levels to reach about 900,000 bpd once maintenance plans at two facilities are completed.

Trevino said almost all plants at Pemex's Ciudad Madero refinery have completed scheduled maintenance, while maintenance at its Minatitlan refinery has experienced some delays.

(Reporting by Ana Isabel Martinez; editing by David Alire Garcia and Cynthia Osterman)

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