Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Pemex Reopens Dos Bocas and Cayo Arcas Oil Ports

Don't Miss Out —
Follow us on:

Dec. 3 (Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, reopened two oil export terminals in the Gulf of Mexico.

The terminals at the ports of Dos Bocas and Cayo Arcas reopened, Mexico’s Merchant Marine said today in a weather bulletin on its website.

Pemex, the second-largest supplier of oil to the U.S., exported 1.225 million barrels of crude a day in 2009. About 85 percent, or 1.086 million barrels, was sold to the U.S. last year, according to Pemex statistics. Canada is the largest supplier of crude to the U.S.

Cayo Arcas is the Mexico City-based company’s largest export terminal, followed by Coatzacoalcos and Dos Bocas, respectively. Pemex exports oil from the Gulf of Mexico ports, which routinely close during hurricane season and in winter because of so-called north storms.

Pemex exported 958,798 barrels a day from Cayo Arcas; 156,514 barrels a day from Coatzacoalcos; and 99,196 barrels a day from Dos Bocas last year. Cayo Arcas handles Maya crude, a cheaper grade of heavy sour crude used by refineries in Texas. Coatzacoalcos is used to export Maya and Olmeca grade crudes.

“Sweet” and “sour” refer to the oil’s sulfur content, while “heavy,” “medium” and “light” refer to its density.

Link to Company News:{1232Z MM <Equity> CN <GO>}

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: Jose Enrique Arrioja at jarrioja@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.