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Mexican Pemex processing up 9% crude oil domestically

April 13/2018

MOSCOW (MRC) -- Mexican national oil company Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, as per Hydrocarbonprocessing with reference to Chief Executive Officer Carlos Trevino.

Trevino told reporters that current processing levels stand at about 834 Mbpd, which compares to crude processing of about 767 Mbpd last year, according to Pemex.

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

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

As MRC informed earlier, in November 2015, Fluor Corp. announced that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, had signed a contract with Pemex to supply detail engineering, procurement and construction (EPC) services for the utilities and offsites that are part of the Tula refinery upgrade at Hidalgo, Mexico. The total contract value is USD1.1 billion.

Pemex, Mexican Petroleum, is a Mexican state-owned petroleum company. Pemex has a total asset worth of USD415.75 billion, and is the world's second largest non-publicly listed company by total market value, and Latin America's second largest enterprise by annual revenue as of 2009. Company produces such polymers, as polyethylene (PE), polypropylene (PP), polystyrene (PS).
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, propylene, ethylene, petrochemistry, Pemex Petrochemicals, Mexico.
Category:General News
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