The production of liquid hydrocarbons, which adds raw more condensate, of Mexican Petróleos (Pemex) was one million 600 thousand barrels per day in February, data that showed a decrease of 11.11 percent compared to the same period of the previous year.
According to oil statistics, the extraction activity showed a slight increase of 0.18 percent compared to the million 597 thousand barrels reported in January.
With the most recent data, Pemex’s production added four months below one million 700 thousand barrels per day, far from the goal of one million 800 thousand set by the current administration.
When considering the extraction of liquid hydrocarbons with private partners, Pemex averaged one million 621 thousand barrels per day in February, a 10.88 percent annual drop.
Compared to January, when he reported a million 617 thousand barrels per day, the most recent data meant a slight decrease of 0.24 percent.
Although slight monthly advances were observed, the production of liquid hydrocarbons of the public company is at its lowest level in just over four decades.
The oil company also reported that the elaboration of gasoline, diesel and other fuels in the Olmeca refinery averaged 9,922 barrels every day of the second month of the year, a fall of 38.57 percent compared to 20 thousand 294 reported in January.
According to monthly statistics, Pemex developed 924 thousand barrels per day of oil products in February, an advance of 1.52 percent against January, while in its annual variation it showed a fall of 7.57 percent.
The refinery located in Dos Bocas, in the municipality of Paraíso, Tabasco, only contributed 1.07 percent of the total fuel development in February, while the other six facilities contributed 914 thousand barrels per day in the reference period.
Pemex developed 334 thousand barrels per day of gasoline in February, data that showed an increase of 2.54 percent compared to the 326 thousand barrels per day reported in January. In its annual variation it showed an advance of 7.82 percent.
The volume of automotive fuel sales was 631 thousand barrels per day in the second month of the year, which represented a decrease of 3.27 percent compared to the same period of 2024. In its monthly comparison, it observed an increase of 3.52 percent.
Crude exports averaged 710 thousand barrels per day in February, which resulted in an advance of 33.45 percent against January and a collapse of 24.24 percent annually.
Before volatility, the best policy is diversifying: PMI
Georgina Saldierna and Andrea Becerril
Before the very high
Volatility that prevails in the markets due to the change in the geopolitical environment, the director of Petróleos Mexicanos Internacional (PMI), Margarita Pérez Miranda, said that Pemex’s policy is diversifying and looking for better opportunities.
If the possibility of bringing more competitive gasoline to Mexico opens, it will be done, he stressed in a forum on energy carried out in the Senate.
The official stated that when there are changes in the geopolitical environment, not having certainty generates volatility. He put for example what happened with the announcement of the United States to impose tariffs on Venezuela that raised the price of crude.
That volatility dragged all fuels. The oil went to 15 percent, gasoline at 9 and diesel to 13 percent, he added.
Faced with such a situation, the PMI director said that the strategy of the parastatal has always been diversified in the markets.
In addition to bringing gasoline at competitive prices, Pérez Miranda explained that alternative markets for crude oil exports must also be opened.
The official recalled that last week the secondary laws in energy matters were published, but there is still the construction of the regulations to land what comes in these norms. He pointed out that all sectors must participate in the elaboration.
The Deputy Secretary of Energy Planning and Transition of the Ministry of Energy, Jorge Islas Samperio, who recalled that during the past six -year term, investments in the electricity sector for 20 billion dollars were present in the same forum, so that the electricity generation and distribution system has reliability.
This, after for a long time it was not invested and weakened to the Federal Electricity Commission, said, stressing that in the current six -year period an investment of 23 thousand 400 million dollars is planned.