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Mexican Pemex restores oil production after recent fire at offshore platform

August 31/2021

MOSCOW (MRC) -- Mexican state oil firm Petroleos Mexicanos (Pemex) resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22, reported Reuters.

The accident in the southern Gulf of Mexico at the offshore platform that is part of Pemex's most productive oil field Ku-Maloob-Zaap, knocked out about 25% of Mexico's total production.

As MRC informed before, Pemex Petroquimica, a subsidiary of the Mexican state oil company Pemex, has resumed production of high density polyethylene (LDPE) on No. 2 line in Cangrejera, Mexico after an unscheduled repairs. Pemex postponed the restart of this line with a capacity of 200,000 mt/year of LDPE until August 10, 2021. It was originally planned that the launch of this production will begin at the end of July. The line was shut on July 10, 2021.

According to MRC's ScanPlast report, June estimated LDPE consumption in Russia dropped to 45,190 tonnes from 47,780 tonnes a month earlier. Russian producers increased their export PE sales. Russia's estimated LDPE consumption totalled about 280,850 tonnes in the first six months of 2021, down by 2% year on year. PE production decreased, whereas exports increased.

Petroleos Mexicanos (Pemex) is a Mexican state-owned oil and gas and petrochemical company. Since the nationalization of the Mexican oil industry in 1938, Pemex has remained a state-owned company and, by law, has exclusive rights to explore and produce oil in the country. Almost 60% of the company's revenues go to the state budget. Petrochemical products include, but are not limited to, polyethylene, polyvinyl chloride.
Author:Margaret Volkova
Tags:PE, crude and gaz condensate, LDPE, petrochemistry, Pemex Petrochemicals, Mexico.
Category:General News
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