Mexico extends start date for the Olmeca refinery

MEXICO CITY, December 26, 2022 – Mexican NOC Pemex is set to begin production at the country’s eighth refinery in mid-2023, President Andrés Manuel López Obrador announced on Friday.

Processing of 170,000 bopd is expected to begin at the beginning of July 2023 – around half of the facility’s capacity – and ramp up to full production by September 15, 2023.

When completed, the Olmeca refinery will have an installed capacity of 340,000 bpd and produce 170,000 barrels of petrol and 120,000 barrels of ultra-low-sulphur diesel.

The terminal is set to deliver more than 8 million tonnes of cargo annually, the majority of which is related to oil and gas activities from the nearby Tabasco and Campeche fields.

The project lies on a 5.86-square-kilometre site near the Dos Bocas maritime terminal.

The refinery was previously set to begin production in 2022.

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