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Mexico’s Pemex struggling to maintain crude processing levels at aging refining system

October 18, 2023 Comments Off

Mexico’s state oil and gas company Pemex, which the administration of President Andres Manuel Lopez Obrador has tasked with increasing the production of fuel to stop the country´s dependency on imports, is struggling to meet its own goals. The low may be temporary but it shows how hard it is for Pemex to keep its multiple commitments, observers told S&P…