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Mexican President Andrés Manuel López Obrador. The new Mexican president, Andrés Manuel López Obrador, wants to end the current significant import of fuel into Mexico within three years, while boosting oil production and processing in the domestic market. Photo: TASR / AP Oil extraction in Mexico has steadily declined in recent years. The country has to import large volumes of fuels from abroad, the vast majority of the United States. "As soon as we start working to revive the production activity," López Obrador said on the weekend. He added that during the first half of his six year term, he wants to stop importing gasoline from abroad
Since the beginning of the year, the 39 petrol was imported to Mexico on average 590,000 barrels a day. In the case of diesel, that's 232,000 barrels a day. According to the Mexican oil company Pemex since 2013, the first year of the term of incumbent President Enrique Peña Nieta, petrol imports in Mexico have increased by nearly two-thirds and diesel has more than doubled. During the same period, the production volume of the six Mexican refineries owned and operated by Pemex fell to a level below their production capacity
. 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 decline in production, 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 down sharply from the peak of 2004, when Mexico produced nearly 3.4 million barrels of oil a day. 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 will now be to solve the problem of declining oil production".
Source: Teraz.sk, TASR News Agency
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