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PEMEX says it will stop exporting crude oil in 2023

 Last Update: 2023-01-23
 Source: Internet
 Author: User

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PEMEX said it will stop exporting crude oil in 2023 as it expands its refining system, including the acquisition of the Deer Park refinery in Texas
.
With the incorporation of Deer Park, a new refinery in southern Mexico is expected to be completed in 2023, and other existing refineries will be upgraded, giving PEMEX the capacity to process nearly all of its own crude oil production by 2023
.
PEMEX agreed in 2021 to acquire Shell Oil Company's 50% stake in the Deer Park refinery joint venture, a deal expected to close in January
.

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