Pemex Restores 250,000 B/D Crude Shut-In By Ike

Dow Jones Newswires

MEXICO CITY (Dow Jones Newswires), October 10, 2008

Mexican state oil firm Petroleos Mexicanos has restored 250,000 barrels a day of crude that it was forced to shut in on Sept. 23 because storm-battered U.S. refineries had to cancel crude shipments, Pemex said Thursday.

The export problems saturated Pemex's storage facilities, forcing the company to curb production. Pemex said a total of 1.94 million barrels of Maya crude oil were shut in during the period. Frequent port closures at the Pajaritos and Dos Bocas export terminals also delayed restoring the production that was shut in.

Pemex said it is now loading normally at the three export terminals on the Gulf Coast and at two floating storage terminals.

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