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Analysis

The National Refinery System

Wed, 01/21/2015 - 14:11

PEMEX owns and operates six refineries in Cadereyta, Madero, Minatitlán, Salamanca, Salina Cruz and Tula in Mexico, and is the joint venture partner of Shell at the Deer Park refinery in the US. During 2014, PEMEX’s six Mexican refineries processed 1,155,000b/d of crude oil, which in total consisted of 658,000b/d of Olmeca and Isthmus crude oil and 497,000b/d of Maya crude oil. PEMEX converts this crude oil into gasoline, jet fuel, diesel, fuel oil, asphalts and lubricants, and also distributes and markets most of these products throughout Mexico. At the end of 2014, PEMEX’s atmospheric distillation refining capacity reached 1,602 thousand barrels per day. In 2014, PEMEX produced 1,206,000b/d of refined products as compared to 1,276,000b/d in 2013. The 5.5% decrease in refined products production was primarily due to a 5.5% decrease in the volume of crude oil supplied by producing fields, which, in turn, resulted from the 3.7% decrease in crude oil production in 2014.

SALINA CRUZ

Located on the southern Pacific coast of the Isthmus of Tehuantepec, in the state of Oaxaca, the Salina Cruz Refinery (also known as the Antonio Dovalí Jaime Refinery) possesses a processing capacity of 330,000b/d. The refinery provides combustibles to the entire southern region of Mexico. The refinery processed an approximate average of 270,000b/d in 2014, which represented 95.6% of its 2013 processing average of 282,400b/d.

SALAMANCA

The Salamanca Refinery, located in the central state of Guanajuato and also known as the Ing. Antonio M. Amor Refinery, supplies the center and east of Mexico with refined products based on its processing capacity of 245,000b/d. A refinery upgrade project was started in 2012, which will increase its capacity to refine heavy crude, and is expected to be finished by 2015. The refinery processed an approximate average of 171,000b/d in 2014, which represented a 12.1% decrease from its 2013 processing average of 194,500b/d.

TULA

Located approximately north of Mexico City in the state of Hidalgo, the Tula or Miguel Hidalgo refinery is the main supplier of fuel to Mexico’s capital. It currently possesses a processing capacity of 315,000 b/d, although that capacity is scheduled to increase in years to come. The refinery processed an approximate average of 255,000b/d in 2014, which represents a 3.7% increase when compared the 245,800b/d processing average in 2013.

CADEREYTA

The Cadereyta Refinery, also known as the Ing. Héctor R. Lara Sosa Refinery, is located in the northern state of Nuevo Leon and is responsible for supplying fuel to the north of Mexico. The refinery currently has a capacity of around 275,000 b/d of crude according to PEMEX figures. The refinery processed an average of 181,000b/d in 2014, which represented 94.7% of its 2013 processing average of 188,800b/d.

CIUDAD MADERO

The Ciudad Madero Refinery, otherwise known as the Francisco I. Madero Refinery, is located in the northern state of Tamaulipas and is responsible for supplying fuel to the central and Gulf regions of Mexico. The Madero refinery currently has a processing capacity of around 190,000b/d of crude oil. The refinery processed an approximate average of 111,000b/d in 2014, which represents a 14.5% decrease when compared the 129,800b/d processing average in 2013.

MINATITLÁN

Located in the state of Veracruz, the Minatitlán or General Lázaro Cárdenas Refinery, supplies the south of the country and the Yucatán Peninsula. It has a processing capacity of 185,000 b/d. The refinery processed an approximate average of 167,000b/d in 2014, which represented a 8.6% decrease over its 2013 processing average of 182,800b/d.

DEER PARK

Since 1993, through its subsidiary company PMI Norteamérica, PEMEX has participated in a limited partnership with Shell in the Deer Park refinery in Texas, which has a processing capacity of 340,000b/d. Under the Deer Park Limited Partnership agreement, both parties provide 50% of the refinery’s crude oil input and own 50% of the refinery’s output.