Pemex's Oil Exports Tumble

Tuesday, May 28, 2019

Pemex's oil exports dropped by 11% in April compared to the previous month, while production slipped by 0.9%, data from the Mexican state oil firm showed on Friday.

Exports of Maya crude, the only type Pemex has been selling abroad for almost a year, fell to 1.023 million barrels per day (bpd) in April from 1.150 million bpd in March, the data showed. Crude output dipped to 1.675 million bpd from 1.691 million bpd.

Pemex has been struggling to cope with financial debts of some $106 billion and years of dwindling output. President Andres Manuel Lopez Obrador has pledged to revive the company, cutting its tax bill and lifting oil production by at least 50% by the end of his administration in 2024. 


(Reporting by Ana Isabel Martinez Editing by Leslie Adler)

Categories: Oil Production North America

Related Stories

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

Chevron in Final Talks with Eneos, Glencore on Singapore Assets Sale

Turkish Petroleum, Chevron Discuss Joint Oil and Gas Exploration

Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Following Big Loss in 2025, Oil Steadies

CNOOC Launches New Offshore Oil Development in Southern China

EnQuest Set to Top 2025 Production Forecast on Southeast Asia Gains

CNOOC Puts New South China Sea Development Into Production Mode

PTTEP Orders OneSubsea Systems for Two Deepwater Projects off Malaysia

Current News

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Northern Offshore’s Energy Emerger Rig Up for Drilling Job off Oman

Petronas Plans Ramp-Up in Exploration, Production Over Three Years

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Chevron in Final Talks with Eneos, Glencore on Singapore Assets Sale

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Turkish Petroleum, Chevron Discuss Joint Oil and Gas Exploration

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com