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Mexico is heading toward energy self-sufficiency reports Pemex head

Mexico City, Mexico — Mexico is heading toward energy self-sufficiency says Octavio Romero Oropeza, head of Petróleos Mexicanos (Pemex). He says that by 2023 or 2024, Mexico will refine 100 percent of its crude oil.

“By 2023 and into 2024, all of Pemex’s production will be processed. It will be refined in-house because the Dos Bocas refinery and the Cangrejera project will come into operation so that practically 100 percent of Mexican crude will be refined in our country to guarantee the supply of fuels,” he explained.

According to the current strategy as planned by President Andrés Manuel López Obrador, it is estimated that by 2022, 1.5 million barrels will be processed in the country’s refineries and 435,000 barrels will be exported.

In 2022, the Deer Park refinery will be incorporated into the country’s Sistema Nacional de Refinación (SNR) and in 2023, the Dos Bocas and Cangrejera refineries will be added.

It is estimated that 2023 and 2024 will produce 858,000 barrels of gasoline, 542,000 barrels of diesel and leave the entire SNR at 86 percent of its use. The project presented by Pemex also estimates that by 2024, the Mexican parastatal will meet 49 percent of the demand for fertilizers.

In the case of AgroNitrogenados, in addition to the credit for the purchase, Pemex invested $104 million dollars in the rehabilitation of plants. Romero Oropeza indicated that in this administration, the rehabilitation process continued and in October 2020, the production of urea began, which is currently producing 20,000 tons per month.

In general terms, the energy policy will privilege the sovereignty and total refining of hydrocarbons through the National Refining System (SNR), thus avoiding continuing with the model in which the export of two thirds of the barrels that are produced.