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Mexico’s President Andres Manuel Lopez Obrador announced on Friday (1 September) that production is now starting at Pemex’s new Dos Bocas refinery and is projected to reach about 290,000 barrels a day (b/d) by the end of this year.

The refinery was formally inaugurated in July 2022 and received its first crude oil shipment in July this year.

Officially known as the Olmeca refinery, the new facility will have the capacity to process 340,000 b/d when in full production.

Located in the Lopez Obrador’s home state of Tabasco on Mexico's southern Gulf Coast, the refinery has, according to Reuters, become a ‘signature project’ for the Mexican President – but it has been hit by production delays and mounting costs.

Related Reading: 

MWA: OPIS flags up how changes in refining base will impact bunker supply

AMERICAS: Samsung awarded $3.6 billion refinery EPC contract from Pemex

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