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A million barrels a day: CEO says Pemex has recovered refining and production capacity

Mexico City, Mexico — Pemex has recovered its refining capacity, says Pemex CEO Víctor Rodríguez Padilla. She made the comment during a recent tour of the modernization of the Tula Refinery.

The Tula Refinery is currently processing 270,000 barrels per day, a remarkable improvement considering it shut down completely in 2019 due to years of accumulated damage. The new plants integrated into its modern infrastructure, such as the delayed coking unit and the hydrotreating and hydrogen production units, will improve fuel quality.

This facility is entering a new, more modern and efficient operational phase, aligned with national objectives and a long-term vision that strengthens the transformation of the country’s energy industry with concrete results for the benefit of the Mexican people.

Pemex now produces a million barrels a day says CEO January 4, 2026.

The Tula Refinery has the capacity to produce 270,000 barrels per day and maintains a price of $13 per barrel, reported Pemex CEO Víctor Rodríguez Padilla.

This year marks the completion of the modernization of the Tula Refinery, a project involving 12,000 workers and generating 35,000 jobs, explained Guadalupe Phillips, director of Grupo ICA, the company heading the modernization project.

From Atitalaquia, Hidalgo, Mexico’s President Claudia Sheinbaum Pardo, oversaw the installation of a naphtha hydrodesulfurization reactor, which is part of the modernization of the Tula refinery.

This adds to the investment being made in eight refineries across the country, allowing Petróleos Mexicanos (Pemex) to recover its refining and production capacity of more than one million barrels per day to achieve national energy sovereignty.

Pemex CEO Víctor Rodríguez Padilla, center January 4, 2026.

“This refinery shows that Pemex is recovering its refining capacity. Today, Petróleos Mexicanos has eight refineries: the six historic refineries, including the one in Tula. the Olmeca Refinery in Dos Bocas which, as Guadalupe tells us, is already producing 320,000 barrels of petroleum products per day, and the Deer Park Refinery, which is now wholly owned by Petróleos Mexicanos.

“These eight refineries together are producing more than one million barrels per day. This hasn’t been seen for two decades. And what does this allow us to do? It allows us to recover energy sovereignty, Mexico’s capacity to produce the petroleum products it needs,” she reported.

Sheinbaum recalled that neoliberal governments sought to privatize Pemex and the Federal Electricity Commission (CFE) to allow the participation of national and foreign companies in oil and electricity production, which led to a drop in crude oil production and increased the oil company’s debt.

“Today we are also happy because having the coker (in Tula) and this equipment allows us to produce gasoline with less sulfur content, which is less harmful to health and the environment,” he added.

Tula Refinery January 4, 2026.

President Sheinbaum said constitutional reforms were approved that restored the status of State Public Enterprise to CFE and PEMEX, in addition to the vertical reintegration of Petróleos Mexicanos, which allowed for greater efficiency, control, productivity and less corruption.

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