Pemex Earns US$7.29bn from Q1 Exports

Mexico's state oil company Pemex earned US$7.29bn from crude exports in the first quarter this year, Pemex said in a statement.

The company exported an average 1.71Mb/d of Istmo, Maya and Olmeca crude within the Americas to Europe and East Asia from January-February this year, Pemex said, without providing 1Q06 figures.

Pemex reported last year it exported 2.3Mb/d of Maya, Istmo and Olmeca crude in 1Q06, 8% more than in the same period of 2005.

Pemex registered total crude oil exports of US$8.99bn 1Q06, up 55% compared to the same period in 2005.

The average crude export price in 1Q07 was US$47.34/b, down US$2.78/b from the same quarter last year.

Crude oil exports in March 2007 reached an average of 1.78Mb/d, up 200,000b/d from January, when "adverse climatic conditions" delayed shipments, the statement said.

Of total 1Q07 exports, 88.7% went to the Americas, 7.7% to Europe and 3.6% to East Asia.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Business Analyst
Expertise: Project Management
Location: Houston, TX
 
Field Project Assistant
Expertise: Project Management
Location: Midland, TX
 
Tax Specialist Required for Global Service Company in Houston
Expertise: Accounting
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours