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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 13 sources · 8 days · First seen · Last updated
Pemex crude export and refining profitability
Overview
Analysis from the think tank México Evalúa indicates that Petróleos Mexicanos (Pemex) faces significant opportunity costs by prioritizing domestic refining over crude oil exports. Data shows that exporting crude yields approximately $47.7 per barrel, whereas domestic refining provides only $26.2 per barrel, creating a difference of roughly $21.5 per barrel.
The financial implications of this strategy are substantial. For 2025, the estimated opportunity cost is approximately 153 billion pesos. Projections suggest the gap could reach 17.5 dollars per barrel by 2027, representing a potential annual loss of 137 billion pesos. Between 2022 and 2025, the cumulative unearned revenue is estimated at $41 billion USD.
To mitigate these losses, México Evalúa suggests either improving the efficiency of the National Refining System to match international standards or retiring refining capacity for crude that is more valuable when exported.
Entities
México Evalúa · Pemex · Secretaría de Hacienda · Veracruz · Chacalapa River
Timeline
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[BUSINESS] 5 sourcesPemex earns higher profits from crude exports than domestic refining
A México Evalúa study shows Pemex earns $47.7 per barrel via exports versus $26.2 via refining, creating a massive opportunity cost for prioritizing domestic fuel supply.
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[BUSINESS] 8 sourcesPemex faces potential losses from refining instead of exporting crude
Pemex faces a potential annual loss of 137 billion pesos by 2027 due to the opportunity cost of refining crude oil instead of exporting it, according to an analysis by México Evalúa.
Sources
calibre800.com · diario.mx · eldiariodechihuahua.mx · elfinanciero.com.mx · formato7.com · lucesdelsiglo.com.mx · noticiaspv.com.mx · oncenoticias.digital · poderycritica.com · siempre.mx · tribunademexico.com · tribunanoticias.mx · xeu.mx