Pemex Crude Production up 2.1% Jan-June


Mexico Pemex
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Mexico's state oil company Pemex increased its first half oil production 2.1% from the first six months of 2003 to an average of 3.40 million barrels a day (mb/d), according to company figures.

Production of Maya heavy crude increased 4.4% to 2.48mb/d, production of Istmo light crude increased 35.2% to 797,000b/d, while production of Olmeca super light stayed relatively stable at 130,000b/d.

The Campeche sound accounted for 84% of total production with 2.85mb/d, a 2.9% increase on the first half 2003. The southern region produced 13.9% and the northern region contributed 2.3% of the total crude.

Natural gas production increased 2.8% to average 4.56 billion cubic feet a day (bcf/d) in the semester. Associated natural gas production fell 2.3% to average 3.06bcf/d, while non-associated natural gas production increased 14% to average 1.51bcf/d.

Petrochemical production increased 4.7% in the first half to 5.25 million tons, while production of refined products increased 5.2% to average 1.64mb/d.

First half gasoline production fell 0.04% to 457,000b/d, and diesel production increased 10.9% to 329,600b/d. Production of liquefied petroleum gas (LPG) increased 5.08% from 1H03 to average 256,300b/d.

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Brent Crude Oil : $54.33/BBL 0.81%
Light Crude Oil : $51.5/BBL 1.29%
Natural Gas : $3.75/MMBtu 1.35%
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