Pemex exacerbates its dependence on foreign fuels



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Mexico. In the first half of 2018, dependence on foreign fuels in the country worsened, as was shown yesterday Pemex in its production results.

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76% of the 783,000 barrels a day of gasoline sold by the state company were imported , a proportion that has not been seen for a similar period.

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Pemex Platform | Photo: Reforma Agency

The oil company has offset historic declines in production from its six refineries with imports, arguing that it is banking on profitability.

From January to June, Pemex bought back 595 On the other hand, the volume of gasoline from its refineries totaled 212,000 barrels a day, a decrease of 30% compared to the previous year. 39, last year.

And not only the production of gasoline, but also of diesel, turbosine, liquefied petroleum gas and fuel oil decreased

The production of these petroleum products was reduced by 29% during this period and only 672,000 barrels a day. ] To meet domestic fuel demand, this also resulted in more imports of LPG and turbosina with increases of 54 and 40% respectively .

c In LP gas the most used fuel for Mexican households, imports increased from 36,000 to 56,000 barrels a day during this period.

Those of the turbosine rose from 39,000 to 54,000 barrels of newspapers in the first half of this year.

And in production, Pemex aggravated its crisis.

In the first half of the year produced a million 881 thousand barrels a day of crude oil. This implies a 7% decrease compared to the first half of 2017, when 2 million 15,000 barrels a day were extracted.

"This decrease is mainly due to the natural decline and the increase in water flow in different deposits.", Pemex said in a report to investors.

The picture is completed with sad financial results that also reported yesterday.

For the second quarter of 2018, the company had a net loss of 163 thousand 172 million pesos, against the profit of 32 thousand 780 million pesos of the same period in 2017.

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