• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours How Far Have We Really Gotten With Alternative Energy
  • 7 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 19 hours Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Norway Launches Its First Offshore Wind Auction

Norway Launches Its First Offshore Wind Auction

Norway launched early on Monday…

Latin America Energy Advisor

Latin America Energy Advisor

The Inter-American Dialogue engages our network of global leaders to foster democratic governance, prosperity, and social equity in Latin America and the Caribbean. Together, we work…

More Info

Mexican President Looks To Inaugurate Unfinished Refinery

Mexican President Andre?s Manuel Lo?pez Obrador plans to inaugurate the new Dos Bocas oil refinery on Friday, despite its unfinished status, Reuters reported. While Lo?pez Obrador and En- ergy Minister Roci?o Nahle had said in 2019 that the refinery would be ready by this year, it will only be running near full capacity in 2025, two sources familiar with the matter told the wire service. The refinery project, which initially had an $8 billion budget at its start, may have costs reaching as much as $18 billion, 

Bloomberg News reported June 15. Earlier this month, Nahle told a Mexican radio station that she is unsure about when the Dos Bocas, also known as the Olmeca, refinery will produce its first barrel of oil, Reuters reported. “I don’t want to give a date because it would be irresponsible,” she said. “A year is a reasonable amount of time, I’d like to do it sooner,” she added. “It is a huge, monumental thing ... everything must be harmonized to obtain the fuel. It will take time,”

Lo?pez Obrador said of Dos Bocas last week, the wire service reported. When the refinery is operating at full capacity, it is expected to be able to process 340,000 barrels of crude per day, which will add approximately 20 percent to the current refining capacity in Mexico, Bloomberg News reported. 

Lo?pez Obrador will only inaugurate the first portion of the 17-plant complex whose construction Mexican state-owned oil company Petro?leos Mexicanos is overseeing on July 1, exactly four years after he won the Mexican presidency in 2018, Reuters reported. 

By Latin America Energy Advisor

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • DoRight Deikins on July 01 2022 said:
    AMLO and his ilk don't really care if their projects are financial successes. Their basic purpose is to be a politically acceptable solution to provide for their supporters.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News