Mexico May Need to Import Crude and Cease Exports After 2030 ...Middle East

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Mexico May Need to Import Crude and Cease Exports After 2030
source : OILPRICE ( Middle East ) () 40
Crude oil producer and exporter Mexico could see itself in need of crude imports in 2030 as its field production is set to rapidly decline at the end of this decade while it expands its refining capacity, Reuters reported on Thursday, citing projections from the Mexican Energy Ministry. Currently, Mexico pumps around 1.8 million barrels per day (bpd) of crude and condensates and is betting on a major new refinery to process some of the crude into fuels and end its dependence on fuel imports. However, the new fields that have started up recently…

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