Image credits: Presidencia de la República
News Article

Deer Park Refinery/Regularization of foreign-origin cars

By Karin Dilge | Mon, 06/13/2022 - 11:37

Deer Park Refinery. President López Obrador reported that his government will finish buying this year the corresponding percentage of the Deer Park refinery from Shell for approximately US$600 million. He said that the refinery has generated profits of US$400 million for the federal government.

In 1993 PEMEX acquired 49.995 percent of the shares from the Deer Park refinery and started its partnership with Shell Oil Company. Negotiations to buy the total shares of the refinery began in the middle of 2020 when the crisis brought by the pandemic affected the oil and gas sector. On May 24 the agreement to buy Shell its shares was announced.

Deer Park has a processing capacity of 340,000b/d of crude and it can process heavy and light crude oil without generating fuel. At the moment of the buy out the refinery produced 110,000b/d of gasoline, 90,000b/d of diesel and 25,000b/d of jet fuel. 

Regularization of foreign cars. Rosa Icela Rodríguez, Minister of Security informed that the federal government has regularized more than 116,000 foreign vehicles and that more than MX$290 million have been collected.

Currently, the program to regularize vehicles that enter the country irregularly from the US, better known in Mexico as “chocolate cars” is being implemented in 12 states of the country. Rodríguez mentioned that one of the reasons to regularize these cars is to fight crime because almost three-quarters of confiscated vehicles in crimes in Baja California are irregular.  

The controversy of regularizing “chocolate” cars started in 2019 when MORENA legislators proposed to legalize them under the argument of raising MX$50 billion for 18 million irregular existent vehicles. Nonetheless, the decree was published until January of 2022. The states participating in this program are Baja California, Baja California Sur, Chihuahua, Nuevo León, Coahuila, Michoacán, Nayarit, Sinaloa, Sonora, Tamaulipas and Zacatecas.

Uniforms and equipment for PEMEX’s workers. President López Obrador made a commitment to comply with the demand of the NOC’s workers of guaranteeing the delivery of uniforms and protective equipment. The president informed that on PEMEX’s webpage, workers can access the information about the state of the delivery of the uniforms and equipment.

Last week, PEMEX’s workers claimed mistreatment from the NOC. The president requested there be an investigation of the claims and he said that what is being perceived is an unconformity regarding the lack of uniforms and equipment. In addition, he reaffirmed the need to know if there is such a dirty campaign and urged PEMEX officials to answer these demands.

The data used in this article was sourced from:  
Mileno, Joaquín López Doriga
Karin Dilge Karin Dilge Journalist and Industry Analyst