Page 6 - LatAmOil Week 48 2022

LatAmOil MEXICO LatAmOil

Pemex imports more fuel in October as

refinery throughput, motor fuel output rise

MEXICO’S national oil company (NOC) The upswing in gasoline imports and domes-
Pemex has reported that it imported more tic gasoline production did not translate into
petroleum products in October, even as it saw higher gasoline sales. Pemex said its gasoline
refinery throughput and motor fuel output rise. sales averaged 648,000 bpd in October, down by
According to data published on Novem- 4% on the September level. This figure indicates
ber 28, Pemex extracted around 1.7mn barrels that the volume of gas available in the country
per day (bpd) of crude oil on average in Octo- (domestic production plus imports) exceeded
ber, steady on the September figure. Exports the volume of gas sold in the country (sales) by
accounted for more than half of the total, or 109,600 bpd. ™
971,000 bpd, down by 5% month on month. Of
that figure, 651,000 bpd went to North America
(primarily to the US), up by 12% m/m.
Meanwhile, Pemex’s six refineries in Mexico
processed 808,759 bpd of crude on average in
October, up by 3.7% on the September figure.
This is equivalent to just under 54% of the com-
pany’s total domestic refining capacity of 1.5mn
bpd and less than 81% of this year’s target rate of
1mn bpd, according to a Reuters report.
The rise in refinery throughput allowed
Pemex to boost motor fuel output in October.
Gasoline yields went up to 282,600 bpd last
month, marking a 17% jump on the September
level, while diesel yields reached 151,400 bpd, up
21% m/m. By contrast, residual fuel production
levels declined, sinking to 272,000 bpd, down by
2.5% on the September figure.
Pemex also imported more motor fuels in
October, with overall import volumes going up
by 8.7% m/m. The NOC bought 475,000 bpd
of gasoline from foreign suppliers last month,
marking an increase of 17% on September. It
also imported 506.9mn cubic feet (14.35mn
cubic metres) per day of natural gas, up by 15.5% Pemex increased gasoline and diesel production in October 2022 (File Photo)
m/m.

TRINIDAD & TOBAGO
BP launches gas production at Cassia C

BP (UK) announced on November 29 that its 200-300mn cubic feet (5.7-8.5mn cubic metres)
subsidiary BP Trinidad and Tobago (bpTT) had per day.
begun extracting natural gas from Cassia C, an These volumes, in turn, will help the com-
offshore facility installed about 56 km south-east pany meet its supply commitments, BP said.
of Trinidad. Some of the gas will be delivered to local pet-
In a statement, BP described Cassia C as rochemical facilities that use gas as feedstock,
bpTT’s first offshore compression platform, as while some will be sent to Atlantic LNG, a gas
well as the company’s largest offshore facility. liquefaction plant in which BP is a shareholder.
The unit will allow bpTT to extract low-pres- According to the statement, bpTT has been
sure gas resources from the Greater Cassia Area, working up to the launch of Cassia C for at least
which will eventually see production peak at two years.

P6 www. NEWSBASE .com Week 48 30•November•2022