Pemex attributed the result to greater depreciation and amortization and higher currency exchange losses, among other factors.
Total 1Q07 sales fell 6% to 236bn pesos compared to the year-ago period and Ebitda dropped 9% to 169bn pesos. Domestic sales inched up 0.2% to 132bn pesos and exports slid 13% to 104bn pesos.
The average price of Mexican crude in the first three months of this year was US$47.34/b, down 5% from 1Q06.
Crude output in 1Q07 fell 6% to 3.16Mb/d due to a drop at Cantarell, partially compensated by production at Ku-Maloob-Zaap, the statement said.
Natural gas production rose 14% to 5.62Bf3/d (159Mm3/d), principally due to higher output in north and marine regions.
Petrochemicals production in the period grew 11% to 2.91Mt, which Pemex attributed to higher output of aromatics, high-density polyethylene and other products such as hydrogen.
Refining in the period rose 5% to 1.33Mb/d of crude. Gasoline and diesel production grew 5% and 11% respectively.
The number of wells drilled in the first quarter dropped 12.4% to 149 from 1Q06.
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.
Most Popular Articles
From the Career Center
Jobs that may interest you