MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 7.Jul.2025, Words: 150) — Mexico’s state-owned company PetrĂłleos Mexicanos (Pemex) continued to send crude oil, gasoline and other refined products to Cuba during the first-quarter 2025 (1Q:25), according to media reports in Mexico. The transactions have generated substantial peso income for […]
Tag: PMI
Mexico’s Pemex Looks to Diversify Market amid Trump Tariff Threats
MEXICO CITY, MEXICO (Reuters, 25.Mar.2025) — Mexican state energy company Pemex is actively looking to diversify its market for both motor fuel imports and crude oil exports, the head of its international trading unit PMI said on Tuesday. “If new opportunities in other markets open, we’ll pursue them and are […]
Pemex’ 3Q:24 production averaged 1.76 MMb/d, while debt falls to $97.3bn
MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 29.Oct.2024) — Mexico’s state-owned Pemex reported average liquids and condensate production of 1,764 Mb/d in the third-quarter 2024, of which 549 Mb/d or 31% reportedly came from new developments. In an official statement related by Pemex on 29 Oct. 2024, the […]
Shell to Sell Interest in Deer Park Refinery to Partner Pemex
(Shell, 24.May.2021) — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). […]
Mexico Oil Executive Asked To Resign
(Bloomberg, 26.Nov.2020) — A director at the trading arm of Mexico’s state oil company was asked to resign after authorizing payments under a profit-sharing plan, according to a person familiar with the matter. Jose Luis Cardenas Dominguez, director of administration at PMI, is expected to leave the company, said the […]
Pemex Declares Force Majeure On Fuel Imports
(Reuters, 23.Apr.2020) — Mexican state oil company Pemex has declared force majeure over fuel imports from its trading arm PMI Comercio Internacional, two sources with knowledge of the decision said Thursday, as demand craters due to fallout from the coronavirus pandemic. Many gasoline and diesel importers around the world have […]
Pemex’s Trading Arm Declares Force Majeure
(Bloomberg, 23.Apr.2020) — Mexico, the largest recipient of U.S. gasoline exports, is seeking to cancel imports of the fuel from at least one U.S. company amid the rippling effects of the coronavirus on demand. Petroleos Mexicanos’s trading unit, PMI, declared force majeure on imports of gasoline as an armada of […]