Pemex expects to increase crude processing at its refineries to 900,000 barrels per day (bpd) in the second quarter of 2018, from around 500,000 bpd currently produced, its CEO said during an Energy forum in the country's capital last Tuesday.

Carlos Treviño added that the company plans to complete the start-up of its Madero, Tamaulipas refinery by the end of March, according to Reuters.

Pemex, which has a processing capacity of 1.6 million bpd in its six refineries located in Mexico, has said that this year it aims to raise its processing to one million bpd, which is at very low levels due to maintenance shutdowns and damages from natural disasters that affected its plant in Salina Cruz, Oaxaca, the largest in the country, with capacity to process 330,000 bpd.

From January through October, those six refineries processed an average 544,016 bpd, a third of its total capacity.

The state-owned oil company originally expected its Madero refinery, the smallest (190,000 bpd), to restart at the end of December, after remaining stalled since August for comprehensive maintenance.

During the past year the production of the Madero refinery fell by 30% due to the stoppage. In the national oil balance reported by the Ministry of Energy, the average production of the refinery in 2017 was 48,300 barrels per day against the 69,200 in 2016. Such figure also represented a 6.9% drop compared to 2015.

In terms of gasoline, the refinery produced some 32,000 barrels per day in 2016, a decrease of 6.2% compared to 2015, when 50,000 barrels per day were produced. In 2017, production was 19.9 thousand barrels per day, down 37%.

Diesel production fell by 38% in 2017, from 22.7 thousand barrels per day in 2016 to 14 thousand barrels per day in 2017.

Pemex crude production fell 9.6% in 2017, while exports decreased 1.7%, according to figures released by the company in days gone by.

However, oil production increased by 0.32% in December compared to the previous month, to 1,873,000 bpd, while exports rose 0.94% to 1,401,000 bpd.

MexicoNow

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