Sources: Pemex Declares Force Majeure On Maya Crude From Pacific Coast
June 28 (Reuters) - Mexico's oil company Pemex has declared force majeure on at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal on the Pacific Coast, after a fire affected its largest refinery earlier this month, three sources told Reuters.
The 330,000-barrel-per-day Salina Cruz refinery has been inactive since mid June, when a fire hit the facility. Pemex plans to restart it in late July and increase gasoline imports by 3.5 million barrels for the coming months to supply Mexico's domestic market.
The incident also affected Salina Cruz's crude loading operations, which serves customers on the Pacific, one of the sources said.
One of the cargoes under force majeure was supposed to be delivered at the U.S. West Coast and another one was going to Japan, the sources said.
Pemex did not immediately respond to a request for comment.
A source at the Mexican state-run firm said the company is currently loading crude at its Gulf terminals only.
One of the sources said that a crude tanker scheduled to load at Salina Cruz will end up loading at Dos Bocas terminal, on Mexico's Gulf Coast. That will make the trip longer, requiring the vessel to pass through the Panama Canal and increasing the freight cost.
Mexico's crude exports are more reliable than Colombian or Venezuelan oil sales, which are often affected by terminal woes, attacks or lack of production of certain grades.
But the fire affecting Mexico's Pacific operations was large, leaving nine people injured and a firefighter dead. The incident occurred a day after Tropical Storm Calvin triggered flooding that busted though dams meant to contain a form of heavy oil, causing a spill that later ignited.
(Reporting by Florence Tan in Singapore, Catherine Ngai in New York, Liz Hampton and Marianna Parraga in Houston and Adriana Barrera in Mexico City; Editing by Chizu Nomiyama and Marguerita Choy)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- PetroChina Posts Higher Annual Profit on Higher Production
- UK Oil Regulator Publishes New Emissions Reduction Plan
- McDermott Settles Reficar Dispute
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call