Mexican state oil company Pemex's newest refinery will reach half of its crude processing capacity in July, the national president said on Friday, marking the latest shift in timing for the project's operations.
The Olmeca oil refinery, being built next to the Dos Bocas port, is set to be Pemex's eighth when it comes on line. It is key to Mexican President Andres Manuel Lopez Obrador's plan to make the country self-sufficient in gasoline and diesel, ending longstanding heavy dependence on imports, mainly from U.S. refiners.
By September 15, the day before Mexican Independence Day, it would process its full capacity of 340,000 bpd and yield 280,000 bpd of gasoline and diesel, Lopez Obrador said, posting on Twitter. Last July, at the Gulf Coast facility's symbolic inauguration, Energy Minister Rocio Nahle said the first barrel of fuel from Olmeca would be produced this month, December.
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