July 18, 2022 [Opportimes] – Deer Park produces 110,000 barrels per day of gasoline and 90,000 barrels per day of diesel, according to information from the Mexican government.
First of all, Pemex signed an agreement to purchase 50,005% of Shell’s stake in the Deer Park refinery, located in Houston, Texas.
Therefore, Pemex will own 100% of said refinery.
With this transaction, the Mexican government seeks to advance in the country’s energy self-sufficiency, and thus achieve in the short term, produce all the fuels that the country requires.
The refinery has a crude processing capacity of 340,000 barrels per day and its plants allow it to process heavy and light crude without generating fuel oil.
In addition, Deer Park produces 25,000 barrels per day of jet fuel and other products in smaller quantities.
It is characterized by good performance and utilization above 80% in recent years.
Starting in 2019 and during 2020, Pemex developed a set of actions with resources from the rehabilitation program of the National Refining System (SNR).
In 2021, Pemex Industrial Transformation has an investment amount of 11,452 million pesos, of which 7,000 million pesos are being used to continue with the rehabilitation of the six refineries that make up the SNR.
Since January 1, 2016, private companies can own gasoline and diesel service stations that do not have to be a Pemex franchise. Private companies can now also import gasoline and diesel.
In addition to crude oil and natural gas, Pemex markets a full range of refined products in Mexico, including liquefied petroleum gas, gasoline, jet fuel, diesel, fuel oil, asphalt, lubricants, and petrochemicals.
Pemex is one of the few major crude oil producers in the world that experiences significant domestic demand for its refined products.
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