Mexico Refinery Push Risks Return to Shunned Oil Imports
- Pemex sees oil supply deficits in 2023-2024, documents show
- This signals need to import crude to meet fuel output goal
Photographer: Susana Gonzalez/Bloomberg
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Andres Manuel Lopez Obrador’s push to make Mexico self-sufficient in gasoline and diesel risks bringing back as early as next year crude imports that the president once lambasted.
State-owned producer Petroleos Mexicanos estimates oil supply deficits of 47,000 barrels a day in 2023 and 97,000 in 2024 due to operational changes at its Cangrejera plant, according to company documents seen by Bloomberg. That’s despite the company’s forecast that oil production will jump 14% to 2 million barrels a day as early as December, the documents show.