Business, Fuel

Mexico to Stop Exporting Oil in 2023 in Self-Sufficiency Quest

Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.

Amy Stillman | Bloomberg News
December 28, 2021
Business, Fuel

Pemex Refinery Deal May Cost $1 Billion More Than Announced

Petroleos Mexicanos could end up spending about $1.6 billion to take over Royal Dutch Shell Plc’s Deer Park refinery, more than twice the price announced in May, even as its finances are so dismal the government is injecting billions of dollars into the state oil producer.

Amy Stillman | Bloomberg News
December 8, 2021
Government, Business, Technology, Fuel, Logistics

Pemex Faces Payment Problems After Cyberattack Shut Down System

A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.

Amy Stillman | Bloomberg News
November 12, 2019
Government, Business, Fuel

Pemex Reduces Fuel Imports After Theft Crackdown

Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft.

Amy Stillman | Bloomberg News
October 23, 2019