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Pemex lowers refining and buys 52% of US

Norma Zuniga | Reforma | 14 August 2017

To access the full article in Spanish, click here.

Jesus Berumen, an energy expert at PA Consulting Group, discusses Mexican oil refining capacity, and investment opportunities due to Mexico’s energy reform.

Jesus explains that the fall in production from Mexican refineries is related to lower production of light crude oil for which they were designed and an increase in the availability of Mayan crude oil in the country: "This heavy crude has deficient performance in refineries that are not equipped to process or refine this heavy crude." 

He adds: "as a result of the energy reform, there is an important opportunity for investors interested in investing in refineries, a possibility that did not exist previously, and thus increase the national production of gasoline and diesel."

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