Petroleum investments take the lead in Mexico

Journal Article · Thu Sep 21 04:00:00 EDT 1978 · Pet. Inf.; (United States)

OSTI ID:5358758

According to the Mexican economist A. Rivera Rios, Mexico will invest $20 billion, or 25% of its gross national product, in its petroleum industry in 1979-82. For 1978, total investments are estimated at $3.15 billion, of which about $1 billion will go toward the construction of the gas transportation system, but investments for exploration and production will not increase significantly. By 1980, Petroleos Mexicanos plans to double its oil production and to export about half, to double its natural gas production, and to triple its petrochemical capacity. These expansions will require about 37% of the total investment for the four years, to be spent for the importation of equipment and intermediates. For refining alone, Mexican investments in 1978 will total $2.26 billion, or 15% of the over-all Pemex investment program. Crude oil refining capacity will be doubled by 1982, and the capacities of downstream treating units will be increased by 400%. The present Pemex refining capacity is 865,000 bbl/day in seven operating refineries. When the Salina Cruz refinery is started up in late 1978 and the Cadereyta refinery in early 1979, the capacity will be gradually increased to 976,000 bbl/day.

• OSTI ID: 5358758
• Journal Information: Pet. Inf.; (United States), Journal Name: Pet. Inf.; (United States) Vol. 1484; ISSN PETIB
• Country of Publication: United States
• Language: French

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
COST
DEVELOPING COUNTRIES
ECONOMICS
ENERGY SOURCES
EXPLORATION
EXPORTS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRIAL PLANTS
INDUSTRY
INVESTMENT
LATIN AMERICA
MEXICO
NATURAL GAS
NORTH AMERICA
PETROCHEMICALS
PETROLEUM
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
PIPELINES
PROCESSING
PRODUCTION
REFINING
SUPPLY AND DEMAND
TRANSPORTATION SYSTEMS