MEXICO CITY, Nov 26 (Reuters) - Crude oil and condensate
production by Mexican state energy company Pemex declined in
October year-on-year to the lowest level so far this year,
official numbers showed, while its local refineries processed
more of it.
Cash-strapped Pemex has struggled to even maintain crude oil
production at 1.8 million barrels per day, the level the
government of President Claudia Sheinbaum targets, dropping 7.8%
year-on-year in October alone.
That month, Pemex produced 1.72 million bpd of crude oil and
condensate on average, numbers updated by the company late on
Monday showed.
Crude oil production was down 8% year-on-year in October at
1.45 million bpd; its local refineries processed 730,000 bpd
that same month, down from the levels earlier this year but up
20% year-on-year.
The new Olmeca refinery in the port of Dos Bocas did not
process any crude in October, the numbers showed. So far, it
processed 9,000 bpd in June, 65,406 bpd in July, 84,128 bpd in
August and 18,118 bpd in September.