(Energy Analytics Institute, Jared Yamin, 2.Jun.2019) — Mexico’s President Andrés Manuel López Obrador reiterated his decision to build the new Dos Bocas Refinery and continue with the planned modernization of six existing refineries owned by state oil company Petróleos Mexicanos, also known as Pemex.
“The refinery will assist Mexico achieve self-sufficiency in the production of gasoline and diesel over the medium-term; thus, offering better prices for these fuels to consumers,” Pemex said in a statement, citing comments from López during an event 2 June in Tabasco, Mexico.
Pemex’s Board of Directors approved development of Dos Bocas in December 2018, the company said.
“The Dos Bocas Refinery will mark the beginning of the recovery of national security, through the full exercise of sovereignty over our energy resources, especially our oil,” Pemex General Director Octavio Romero Oropeza said in the statement. “This new refinery will significantly increase our national supply of fuels, and together with the rehabilitation of the six refineries that make up the national refining system, will satisfy growing demand from the Mexican economy,” he said.
© Energy Analytics Institute (EAI)