MEXICO CITY, Feb 12 (Reuters) - Mexico, an important
supplier of crude oil to U.S. refineries, has received
complaints from buyers over the salt and water content of its
crude over the past month, the CEO of state energy company Pemex
Victor Rodriguez said on Wednesday.
Mexican President Claudia Sheinbaum also acknowledged that
some platforms had produced crude with a higher-than-usual salt
and water content when asked by a Reuters reporter during her
regular morning press conference, but insisted that this was
temporary.
"We don't have problems in Pemex or with oil production,
these are situations that occur and have occurred historically,"
she said.
Rodriguez, who spoke alongside the president and Energy
Minister Luz Elena Gonzalez, said the company was addressing the
issue, adding that so far "no shipments have been rejected".
Bloomberg previously reported that some U.S. refiners are
demanding discounts and complaining about the high water content
in Mexican crude.
The officials gave no details on how Pemex plans to solve
the problem.
Mexico plans to boost its crude oil reserves to ensure it
has enough for at least a decade of consumption, a presentation
by the officials showed, with 12 strategic Pemex projects
accounting for 61% of this hydrocarbon production.
President Sheinbaum derided the energy reform enacted by a
previous government that had sought to open up Mexico's energy
market to private investment and expertise, calling it "a
failure" that led to falling output.
Heavily indebted Pemex has been struggling to reach a
production target of 1.8 million barrels per day.
Under Sheinbaum, Pemex is set to have wider scope to operate
jointly with private companies under a bill sent to Congress
earlier this month which aims to loosen restrictions implemented
by the previous administration.
However, the officials reiterated that Pemex would remain in
control of joint projects even where private companies are
brought in to provide much-needed capital.
"We won't call them partners," Rodriguez said. "They simply
help us with capital while Pemex will remain the contract
holder."
Rodriguez added that hydrocarbon products belong to the
nation and that revenues were needed to finance social programs.
On refining, the government's plan is to fully use the
capacities of both the Deer Park refinery in Texas and the new
Olmeca refinery in the Mexican port of Dos Bocas.
Pemex plans to invest 105 billion pesos ($5.09 billion) to
refurbish its refineries. None of its six other refineries are
operating at full capacity.
Despite the debt burden, which has risen sharply in recent
years, the government does not want the company to return to
markets and said the finance ministry would offer support if
needed.
($1 = 20.6160 Mexican pesos)