Pemex crude output drops slightly in June, exports up 21 percent

7/28/2017 Reuters

pemexMexican national oil company Pemex’s [PEMX.UL] crude output dropped slightly in June compared with the previous month, while exports rose 21 percent, the company said.

Pemex produced 2.01 million barrels per day (bpd) in June, down from 2.02 million in May, the company said.

Exports rose to 1.157 million bpd in June, compared with 958,000 bpd in May, Pemex added. About 65 percent of exports went to the Americas, with 15 percent bound for Europe.

The Mexican government is in the midst of implementing a sweeping energy reform finalized in 2014 that ended the decades-long production monopoly enjoyed by Pemex, formally known as Petroleos Mexicanos.

Read more…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s