Mexico’s Oil Refining Hits 11-Year High as Key Plant Ramps Up
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Petroleos Mexicanos Dos Bocas Olmeca refinery in the town of Paraiso, Tabasco state, Mexico.It took about three years, but now Mexico’s largest oil-processing plant is finally running at close to full tilt. That’s sending refining in the nation to the highest in more than a decade. Mexico, Latin America’s top gasoline importer, has been pinning hopes on fuel self-sufficiency on the Dos Bocas refinery, also known as Olmeca. The plant suffered several false starts and some speed bumps along the way, including power outages and a shortage of suitableBloomberg Terminal feedstock. Three years later, and it’s still just shy of running at full capacity. Projects of its size and complexity typically take between six to nine months to reach the milestone.