AMLO aims to end Mexican fuel imports by 2022

Mexico

MEXICO CITY, July 9, 2018 – President-elect Andrés Manuel López Obrador (AMLO) intends to end Mexican fuel imports halfway through his term and ramp up local crude production, international media reported over the weekend.

AMLO told reporters on Saturday of his plan to reinvigorate domestic production and build one large or two medium-sized refineries, promises he campaigned on before being elected on July 1. The refineries will be built in Tabasco state and possibly Campeche state.

“We are going to immediately revive our oil activity, exploration and the drilling of wells so we have crude oil,” AMLO told reporters, repeating his plans to strengthen Pemex as well.

Mexican crude production peaked at 3.4 million bopd in the first five months of 2004, a drastic difference from this year’s 1.9 million bopd in the same period. Since outgoing President Enrique Peña Nieto’s first year in office in 2013, foreign petrol imports have increased by almost two-thirds.

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