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Latino Daily News

Sunday March 3, 2013

Pemex’s Crude Output Up 1.6 percent

Mexican state-owned oil monopoly Petroleos Mexicanos said it produced an average of 2.56 million barrels of crude per day in January, a 1.6 percent increase over the same month of 2012.

Pemex also said in a statement Friday that, based on preliminary figures, its crude output in January was 14,000 bpd higher than its average production for all of last year.

The company said 1.9 million bpd, or 74 percent of the total, came from offshore regions in the Gulf of Mexico, compared with 512,000 bpd (20 percent) from its South region and 154,000 bpd from its North region fields.

Pemex said it exported a daily average of 1.29 million barrels in January to customers in the Americas, Europe and Asia, up 8 percent from the same month of 2012, and earned $4.03 billion in revenue from those sales.

Pemex, which has a monopoly on crude output and fuel distribution in Mexico, is the world’s No. 5 oil producer.