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Latino Daily News

Tuesday May 6, 2014

Pemex’s Gas Production Rises 8 Percent In March

Gasoline production rose to an average of 446,000 barrels per day (bpd) in March, up 8 percent from the same month last year, state-owned oil giant Petroleos Mexicanos, or Pemex, said.

The increase in production was the equivalent of 32,000 bpd, Pemex said in a statement.

Gasoline production averaged 430,000 bpd in the first quarter, up 1 percent from the same period in 2013.

Imports of gasoline fell nearly 3 percent to 376,000 bpd, thanks to the increase in output, Pemex said.

Pemex Refinacion distributed an average of 766,000 bpd of gasoline on the domestic market in the first quarter, of which 636,000 bpd were Magna regular gasoline and nearly 131,000 bpd were premium gasoline, the grade with the highest octane level, the company said.

Pemex said its six refineries produced an average of 1.44 million bpd of petroleum products, including gasoline, diesel and liquefied gas, in March, up 1.5 percent from the same month in 2013.

Mexico’s gasoline production is insufficient to meet domestic demand, forcing Pemex to import refined products.

Imports of gasoline and other refined products totaled $6.65 billion in the first quarter, Pemex said.

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