Mexico to stop exporting oil in 2023… Bloomberg

December 28, 2021 by Jim Colburn Leave a Comment

Amy Stillman, Bloomberg, writes:

“Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.

Petroleos Mexicanos, the Mexican state-owned producer known as Pemex, will reduce crude oil exports to 435,000 barrels a day in 2022 before phasing out sales to clients abroad the following year, Chief Executive Officer Octavio Romero said during a press conference in Mexico City on Tuesday.”…

”Last month, the Mexican company sold abroad slightly more than one million daily barrels, according to Pemex data.”

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