Pemex focuses the 2025 budget on the most profitable projects

The programmable spending that the administration requested for Petróleos Mexicanos (Pemex) from Congress, for more than 450 billion pesos, will allow the oil company to focus on the most profitable projects in the shortest term, explains the government in the Economic Package for 2025, presented on Friday.

According to the explanatory statement, the oil company’s programmable spending of 464,255 million pesos will allow continue with strategic and priority projectsas well as allocate resources to the sustainability plan in its environmental aspects, safety and reliability of the infrastructure.

It will be possible to use them in the requirements of the substantive operation, particularly with the processing of crude oil in the facilities of the National Refining System, including resources for the operation of the Olmeca plant.says the document.

For the oil company to fulfill all its strategies over the next year, the government indicates, an investment of 211,491 million pesos is necessary, of which 209,991 million will be for physical investment and 1,500 million pesos for investment. financial.

By business line, the exploration and production area foresees the allocation of 180,494 million pesos, which will allow this government consolidate the efforts of previous years, with the purpose of bringing the liquid production platform to an average of one million 861 thousand barrels per day in 2025.

This production goal, the official presentation highlighted, is intended to achieve one of the priority objectives of the past administration: increase production to the value that can be processed in the refineries owned by the company.

Regarding Pemex Industrial Transformation, the physical investment of 21 thousand 50 million pesos is proposed, with the strategy aimed at increasing the production of valuable oil products, with projects to strengthen the productive capacities of the process infrastructure and maximize the use of residuals.

Likewise, the document points out, it seeks to promote ammonia production to strengthen the fertilizer and petrochemical chain; Additionally, a budgetary forecast of financial investment of 1,500 million pesos is estimated for the capitalization of subsidiary companies of the fertilizer line.

In turn, the budget proposed for the area in charge of logistics is 7,311 million pesos, with which it is estimated provide budget sufficiency to address critical risks, including environmental risks, the restoration of storage capacity, the fight against the illicit fuel market and other strategic cross-cutting issues for market recovery.

The document adds that, with the new macroeconomic projections, it is anticipated that at the end of 2025 the oil company will have a surplus – that income is greater than expenses – of 248 thousand 722 million pesos.