• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 22 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 15 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 48 mins Putin Paid Militants to Kill US Troops
  • 23 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 1 hour Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". 1 out of 5 Democrats admit it. How many Dem's believe it but will not admit it?
  • 18 hours Apology Accepted!
  • 14 hours Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 52 mins Is OilPrice a cover for Green Propganda
  • 6 mins In a Nutshell...
  • 15 hours The Political Genius of Donald Trump
  • 22 hours Why Oil could hit $100
  • 2 days Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 days U.S. natural gas at major disadvantage in Europe and China.
  • 19 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link

Breaking News:

Japan Bets Big On Mozambique LNG

U.S. LNG Industry Needs Prices To Double

U.S. LNG Industry Needs Prices To Double

Large U.S. LNG projects are…

Mexico’s Biggest Refinery Will Take A Month To Restart

The largest crude oil refinery in Mexico, Salina Cruz, will take between three and four weeks to bring back online after the magnitude-8 earthquake that struck the country last week. The refinery is located in southern Mexico, near the offshore epicenter of the quake that has so far killed more than 90 people.

The Salina Cruz refinery has a daily throughput of 330,000 barrels of crude but the earthquake damaged its turbogenerators, the chief of the Pemex facility told local media. There is no risk of a shortage of fuels, Carlos Miruetta added, as Pemex had bought additional supplies of oil products after Hurricane Harvey suspended fuel shipments from Houston.

Pemex’ chief executive, Jose Antonio Gonzalez Anaya, however, said that putting the refinery back on line would take less time—between two and three weeks. In an interview with Bloomberg, Gonzalez Anaya also said that the company expected to meet its oil production target for this year, which stands at 1.944 million bpd.

He acknowledged that the last few weeks have been challenging in terms of sticking to production targets because of the hurricanes in the Gulf of Mexico that have also made oil field operation in northern Mexico difficult.

Related: Can NAFTA Protect Big Oil From Mexico’s Populist Movement?

Maintenance at the Ku-Maloob-Zaab field also hit production, taking off 330,000 bpd from the national daily average. However, the company said at the time it would not have any adverse impact on its annual output target.

Pemex, and Mexico as a whole, have been struggling with declining production as fields mature and there is no funding for new discoveries. Three years ago, the government decided to end Pemex’s monopoly on the market, inviting private Mexican and foreign companies to bid on oil and gas blocks. The IEA in August said the country produced 2.47 million bpd of crude in 2016, estimating this will decline to 2.29 million bpd this year

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News