The new Mexican president wants to stop fuel imports within three years



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Obrador wants to solve the problem of declining oil production

9. July 2018 at 10:30 TASR

MEXICO. The new Mexican president, Andrés Manuel López Obrador, wants to put a stop to the strong import of fuels in Mexico within three years, while stimulating the production and processing of oil on the domestic market

. The country has to import large volumes of fuels from abroad, the vast majority of the United States. "As soon as we start working on a revival of the production activity," said López Obrador last weekend.

He added that during the first half of his six-year term, he wants to stop importing gasoline


. ] Since the beginning of this year, gasoline imports in Mexico an average of 590,000 barrels (1 barrel = 159 liters) per day. According to the Mexican oil company Pemex, since 2013, the first year of incumbent President Enrique Peña Nieta's term, petrol imports into Mexico have increased by nearly two-thirds and diesel has more than doubled

. However, the production volume of the six Mexican refineries owned and operated by Pemex fell to a level below their production capacity during the same period

During the presidential campaign, Obrador also committed to strengthening the position of Pemex. At the same time, he strongly criticized the energy sector reform of 2013, which ended the monopoly Pemex and allowed foreign companies to enter the Mexican market, especially with respect to the Oilfield exploitation. The goal was to stop the downward trend over this period, but the decline continued.

During the first five months of this year, oil production in Mexico averaged 1.9 million barrels per day. This is a significant drop from the peak of 2004 when Mexico produced nearly 3.4 million barrels of oil a day

The current mining is also lower than in 2013, when it reached 2.5 million barrels of oil a day. As López Obrador added, "the most important problem now will be to solve the problem of declining oil production". We receive too little. "

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