Mexican President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, also known as Olmeca, will commence operations in February 2024.
The refinery, located in the state of Tabasco, will have a processing capacity of 340,000 bbl/d at full tilt, López Obrador, also known as AMLO, said Jan. 15 during his daily news briefing. It will supply 20% of the gasoline consumed in Mexico.
“That’s why it is important,” AMLO said. “It was a very good decision to build this refinery.
State-owned Petróleos Mexicanos (Pemex) processed an average 1,064,00 bbl/d in 2023, of which 794,000 bbl/d (75%) was produced in Mexico and 270,000 bbl/d (25%) was produced in Texas at the company’s Deer Park refinery.
AMLO’s political mandate has favored achieving energy self-sufficiency through increased domestic production and refining capacity. His presidential term comes to an end later this year.
RELATED: Pemex Reports Higher Q3 Production, Lower GHG Emissions
Recommended Reading
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
2024-04-24 - Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Pemex to Remain Fiscally Challenged for Mexico’s Next President
2024-04-16 - S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
BWX Technologies Awarded $45B Contract to Manage Radioactive Cleanup
2024-03-05 - The U.S. Department of Energy’s Office of Environmental Management awarded nuclear technologies company BWX Technologies Inc. a contract worth up to $45 billion for environmental management at the Hanford Site.
Laredo Oil Settles Lawsuit with A&S Minerals, Erehwon
2024-03-12 - Laredo Oil said a confidential settlement agreement resolves a title dispute with Erehwon Oil & Gas LLC and A&S Minerals Development Co. LLC regarding mineral rights in Valley County, Montana.
DOE Considers Technip, LanzaTech For $200MM ‘Breakthrough’ Technology Award
2024-03-25 - The U.S. Department of Energy funding will be used to develop technology that turns CO2 into sustainable ethylene.