The Second Largest Refinery in the Country Remains BlockedBy Paloma Duran | Thu, 10/14/2021 - 11:14
The Tula refinery, the second largest refinery in the country, remains blocked due to protests from teachers demanding back wages. The refinery has a capacity of 315.00 barrels per day and mainly supplies the Mexico City metropolitan area. However, due to road blocks that began in September supply has become difficult. As a result, PEMEX has been forced to reduce production.
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The owners of at least four major providers of Mexico’s national oil company PEMEX have appeared in the infamous Pandora Papers. Though their practices are not illegal per se, the issue has implications for the NOC as well as for the government’s anti-corruption platform.
MEXPLUS Puertos is set to invest US$200 million to construct Mexico´s most modern fuel terminal to service Valero Energy, the leading US refiner and one of the world’s largest fuel producers. This project promises a high-quality product in northern Mexico through a supply-led strategy against competitors’ brand-led approach.
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Several companies with operations in the US side of the Gulf shut down operations late in August when Hurricane Ida made its way as a tropical storm. During the earlier days, as reported by MBN, upwards of 90 percent of production had been affected, and by the time other storms menaced the region in late September, about 16 percent of the infrastructure was still offline. Today, Shell is warning that the Ida effect will reflect a 5 to 8 percent drop in operations for 3Q21.