Pemex limits oil sales abroad: 2025 would be the lowest export year in history

The low historical levels of oil production and the pressure to supply the diet of the National Refinery System (SNR) caused Mexican Petroleum (Pemex) to take the decision to cut 34.6 percent of crude exports during 2025. “At the request of (Pemex) Production, we plan to export 527 thousand barrels of crude oil per day in 2025, including crude oil from the Maya, Isthmus, Altamira, Olmeca and Zapoteco regions,” reads the company’s 20-F report to …

Mexican Petroleum, the state company known as Pemex, increased oil exports to the Republic of Cuba during 2024, according to its financial report sent by the regulatory authority, the Stock Exchange and Securities Commission (SEC) of the United States.The operations between Pemex and Cuba were carried out through the subsidiary Gasolinas Bienestar SA of CV, which exported 20,100 barrels of crude oil per day to the Caribbean country during 2024, …