Pemex's Miguel Hidalgo refinery. (Photo: excelsior.com.mx)
Crude oil exports from Mexican state-owned oil company Pemex rose 11.4 percent in May compared to the prior month, while output was largely unchanged, the company said.
Pemex [PEMX.UL] data showed average crude oil exports rose to 1.204 million barrels per day (bpd) from 1.081 million in April.
Sales to the Far East – which includes Japan, China, India and South Korea – jumped 74 percent last month to 373,000 bpd, while sales in the Americas, mostly to the United States, dropped 11 percent to 593,000 bpd.
Pemex officials told Reuters that they had ramped up oil shipments to Asia, especially of light Isthmus crude, because of changes in blends processed by domestic refineries.
Pemex’s Miguel Hidalgo refinery.
Crude oil production averaged 2.17 million bpd in May, roughly in line with figures from the prior month.
In response to slumping oil prices and mounting debt, Pemex has announced a series of budget cuts, most of which will hit its exploration and production budget. The company now expects output to average 2.13 million bpd this year, and fall even lower in 2017.
Output so far this year has averaged 2.21 million bpd.
Source: www.reuters.com
(Reporting by Ana Isabel Martínez, writing by Anna Yukhananov; Editing by Cynthia Osterman)
Comments
more recommended stories
A tirbute to Mexican Tacos on NETFLIXNetflix has created several successful food.
Mérida is braking all records in the summer of 2019Sefotur forsees great hotel occupancy and.
Sixth meeting of the U.S.-Mexico Energy Business CouncilMexico City – U.S. Department of Commerce.
Investments of more than 18 billion pesos for Yucatan“A total of 9 companies of.
Mérida: the safest city in Mexico (National Institute of Statistics and Geography survey)Ecatepec (Estado de México), Coatzacoalcos (Veracruz),.
AMLO says NO to the USA and claims “El Chapo´s” fortune for MexicoCDMX México (Times Media Mexico) –.
66 years of fervor“Gremio del campo” (the guild of.
Police and military carry out investigations in the Cancun´s hotel zoneCANCÚN Quintana Roo (Times Media Mexico/Photos:.
Global health emergency declared over deadly Ebola outbreak in Congo“This is an emergency. There is.
NH Collection Merida Paseo Montejo Hotel inauguratedThe NH Collection Merida Paseo Montejo.
Leave a Comment