Pemex Closes Third Crude Export Port in Gulf of Mexico

Petroleos Mexicanos, Latin America’s largest crude producer, closed its third crude-export terminal in the Gulf of Mexico because of strong winds and high waves.

The company’s smallest terminal at the port of Dos Bocas was shut, according to a weather bulletin posted on the website of Mexico’s Merchant Marine today. The ports of Cayo Arcas and Coatzacoalcos were closed earlier today.

Mexico, the third-largest supplier of oil to the U.S. after Canada and Saudi Arabia, exported about 1.36 million barrels of crude a day in 2010, according to Energy Ministry statistics. About 84 percent of the crude went to the U.S.

Pemex, as the national oil company is called, exported 907,490 barrels a day from Cayo Arcas, 241,726 barrels a day from Coatzacoalcos and 179,247 barrels a day from Dos Bocas last year, according to the Energy Ministry.

To contact the reporter on this story: Carlos Manuel Rodriguez in Mexico City at carlosmr@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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