From twitter: Pemex sees plunge in oil exports to supply AMLO's refinery.
- shipments of Maya heavy crude forecast to decline almost 70%
- AMLO has said that Mexico will supply its oil to new refinery
- Petroleos Mexicanos expects a drastic drop in oil exports over the next three years as the company faces the twin challenges of declining output and supplying crude to a controversial new $8 billion refinery championed by the country’s President Andres Manuel Lopez Obrador.
- Pemex, as the state oil company is also called, is forecasting a reduction of almost 70% in exports of its flagship heavy crude known as Maya between 2021 and 2023, according to two people familiar with the situation.
- It expects to cut Maya exports by almost half between next year and 2022 and lower them again between 2022 and 2023, said the people, who asked not to be identified because the information hasn’t been made public.A Pemex representative didn’t respond to a request for comment.
- AMLO swept into power in December 2018 promising to rescue Pemex by dialing back his predecessor’s 2013-2014 energy reforms, which had ended the company’s nearly eight decades-long monopoly.
- He has also pledged to ramp up domestic fuel production to reduce dependence on gasoline imports, which account for about 65% of what Pemex sells in Mexico.At the heart of this policy is a new refinery that will process Maya. Mexico’s six existing refineries blend Maya and a lighter domestic crude, Isthmus.
- The new plant being built in AMLO’s home state of Tabasco will have the capacity to process 340,000 barrels of oil a day.The timeline for finishing the Dos Bocas refinery by 2023 is viewed by some critics as overly ambitious. The six plants currently operating do so at just one-third of their capacity and post additional losses when they produce more gasoline.
- Boston's Big Dig
- California's Bullet Train
- AMLO's refinery
- Prince Salman's Vision 2030
- free space on center of board
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The Movie Page
Quick: name the director and the three lead actors in Rebel Without A Cause.
Extra credit: how did one of the three lead actors get the role?
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Joe Biden's Twin On Johnny Carson's Tonight Show
"But that's lying, Joe. Why would you lie?
"National policy."
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