Commodities

Mexico’s Oil Refining Hits 11-Year High as Key Plant Ramps Up

The Petroleos Mexicanos Dos Bocas Olmeca refinery in the town of Paraiso, Tabasco state, Mexico. — The Petroleos Mexicanos Dos Bocas Olmeca refinery in the town of Paraiso, Tabasco state, Mexico.
Photographer: Alejandro Cegarra/Bloomberg

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By Lucia Kassai

December 16, 2025 at 10:57 PM UTC

Lea en español

It took about three years, but now Mexico’s largest oil-processing plant is finally running at close to full tilt. That’s sending refining in the nation to the highest in more than a decade.