Mexico's Pemex Plans to Export Less Oil as New Refinery Starts Up
The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery, a company director said on Monday.Once the country's newest refinery is fully operational and able to process 340,000 barrels per day (bpd), it will receive about 100,000 bpd of crude oil, Margarita Perez, the head of PMI, said at an event.This would lift local processing to 1.2 million bpd, she added, leaving about 400,000 bpd for export."We have exported (diesel) from the Dos Bocas refinery, as productio
Lyondell to begin closure of Houston Refinery this weekend
LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins, the sources said.A Lyondell spokesperson did not immediately reply to a request for comment.Lyondell plans to convert existing hydrotreaters at the refinery site along the Houston Ship Channel for use with…
