MEXICO CITY, Oct 29 (Reuters) - Mexico's state energy

company Pemex produced 5.6% less crude oil and condensate

year-on-year in September, an average 1.65 million barrels per

day (bpd), according to data it released late on Tuesday.

The heavily-indebted driller has struggled to boost

production, despite cash injections and tax relief since the

previous administration, as many fields are being depleted and

new discoveries have not managed to make up for this.

Crude oil processing at the seven local refineries increased

7.7% year-on-year in September to 949,772 bpd but remained

almost 10% below August levels.

The seven refineries are collectively running at 68% of

their joint capacity, which Pemex recently adjusted to 1.4

million barrels per day (bpd).

This downward adjustment came despite the new Olmeca

refinery in the port of Dos Bocas starting up, and billions of

dollars being invested in various upgrades elsewhere.

Olmeca, which began operations in mid-2024 with planned

capacity of 340,000 bpd, processed 194,874 bpd in September, the

most to date.

Total petroleum product output rose nearly 13% year-on-year

to 1.02 million bpd, with gasoline up 27% to 361,689 bpd, diesel

up 52% to 248,958 bpd, and fuel oil down 40%.

Meanwhile, crude oil exports fell by 13% year-on-year to

570,499 bpd, as the government aims to prioritize domestic

refining.

Imports of refined petroleum products fell nearly 18%

overall, with gasoline imports down 12% to 340,740 bpd and

diesel imports down 61% to 59,493 bpd in September.