More Budget for Dos Bocas
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More Budget for Dos Bocas

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Perla Velasco By Perla Velasco | Journalist and Industry Analyst - Mon, 02/27/2023 - 15:03

The government approved more budget for the landmark Olmeca Refinery in Dos Bocas Tabasco, ensuring the project can come online in 2023.

The government will provide MX$47.234 billion (US$2.362 billion) to PEMEX’s subsidiary PTI Infraestructura de Desarrollo, which is in charge of the refinery’s construction. According to El Universal, this provision will increase the refinery’s costs to MX$313 billion (US$15.65 billion), a 75% increase from the original US$8.918 billion budget. However, President López Obrador defended that the cost of the refinery will be US$11.65 billion; and according to sources contacted by El Universal the recently-approved US$2.234 billion are part of this previously authorized budget.

The Superior Audit of the Federation (ASF) found irregularities during the construction of the refinery in 2021. According to the ASF, these anomalies could amount MX115.48 million (US$5.774 million) in overpayments. The ASF reported payments for contracts that ended up being terminated, abnormalities in contracts and irregularities in assigning contracts. Rocío Nahle, Mexico’s Minister of Energy, said that SENER will liquidate the amount over the next 30 days and pointed out that this represents 0.07% of the resources used for the construction in 2021. She added that on July 1, 2023, the total cost of Dos Bocas will be revealed and that the first barrel of gasoline will be produced.

Following delayed construction, López Obrador and Nahle promised that the Dos Bocas Refinery will go online in July 2023. Nahle had previously delayed the launch of operations at Dos Bocas to December 2022.

PEMEX Reports Several Accidents

Over a period of 24 hours, PEMEX registered three different accidents in the US and Mexico. Last week, PEMEX’s Deer Park Refinery reported a fire on Thursday and later sent an all-clear notification. The NOC also reported a fire in Veracruz, leaving three injured. Additionally, a fire broke out in the Minatitlán refinery, injuring five. The company reported that two workers there died and three others remain hospitalized. What is more, two workers were rescued from another incident in Tuzandepetl, where three workers are yet to be found.

Photo by:   Twitter @RefineriaDosBoc

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