Pemex Increases April Exports 12% Year-on-Year

Mexico's exports of crude oil increased 12% from April 2002 to 1.88 million barrels a day (mb/d) in April 2003, state oil company Pemex said in a statement. Revenues from crude exports increased 4.83% from April 2002 to US$1.18bn. Exports of Maya heavy crude averaged 1.63mb/d through April at US$20.2/b, bringing in US$989mn revenues; Istmo light crude exports averaged 50,000b/d at US$23.6/b, earning US$35mn; while sales of ultralight Olmeca crude averaged 202,000b/d at US$25.4/b, bringing in US$154mn.

Customers in the Americas bought an average 1.69mb/d during the month at US$21.1/b, and sales to Europe averaged 194,000b/d at US$18.8/b. There were no exports to the Far East in April 2003. Exports of refined products, natural gas and petrochemicals rose 10.4% to 164,200b/d in April this year, while imports fell 44.4% to 154,700b/d. Gasoline exports fell 2.1% to 68,100b/d and petrochemical exports fell 135% to 45,200b/d. Imports of liquefied petroleum gas (LPG) fell 68.5% to 57,500b/d, gasoline imports fell 281% to 29,500b/d and natural gas imports fell 6.61% to 581 million cubic feet a day (mcf/d) in April 2003.

On the domestic market, sales of refined products rose 4.39% to 1.75mb/d in April 2003, and revenues increased 42.7% from April 2002 to 20.8bn pesos (today US$2.03bn). Gasoline sales rose 6.62% to 602,200b/d in April this year, increasing revenues 41.8% to 9.27bn pesos. LPG sales fell 0.81% to 319,900b/d, bringing in 2.95bn pesos, while natural gas sales fell 0.39% to 2.38mcf/d, bringing in 3.73bn pesos. The price to the public of LPG increased 22.2% to 6.53 pesos per liter in April this year compared to the same month in 2002. Domestic petrochemical sales fell 17.3% by volume to 231,300 tonnes, bringing in revenues of 971.8mn pesos. High-density polyethylene sales fell 32.9% to 7,600t, bringing in 70.1mn pesos; low-density polyethylene sales fell 41.5% to 15,900t and earned 157.3mn peso revenues; while domestic polypropylene sales fell to zero in April 2003 from 500t in April 2002.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-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


Brent Crude Oil : $54.94/BBL 0.88%
Light Crude Oil : $51.79/BBL 0.21%
Natural Gas : $3.65/MMBtu 6.10%
Updated in last 24 hours