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Mexico is one of the largest oil producers in the world (2.1 million barrels per day in 2017) and the third-largest in the Americas after the United States and Canada. In 2017, the United States imported over 212 million barrels of Mexico’s heavy crude and exported over 194 million barrels of refined petroleum products to Mexico (more than 50 percent of Mexico’s domestic gasoline consumption).
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Mexico's refinery issues are made obvious by the fact that Mexico has been forced to export its own crude to the U.S. Gulf Area, have it refined, and then import it again as gasoline.
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The lighter grades of crude oil produce the best yields of these products, 3% in 2010. For example, in 2010 the shipping cost from the Persian Gulf to the US was in the range of 20 $/t and the cost of the delivered crude oil around 800 $/t. [citation needed] Price The total cost per plant
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The joint venture just received its last rail cars in April, and uses about 1,200 rail cars to move about 18,000 barrels a day of a heavy, tarlike Canadian crude called bitumen to the plants.
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The shift in Mexico's crude output to a greater concentration of heavier crude suggests PEMEX has benefited from its investment in Cantarell, while production at Mexico's other fields have declined -- production at the offshore Abkatun field, for example, has fallen from 330,000 b/d of crude in 1993 to 108,000 b/d in 2001.
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Socialist and former Mexico City mayor Andrés Manuel Lopez Obrador is slated to be Mexico’s next president after cruising to a landslide victory in Sunday’s general election.
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The second skid was an oil circulation package, heating crude oil up to 72°C for processing. The skid included one 5.5MW hot water/crude oil heat exchanger and three 500kW screw pumps having a maximum discharge pressure of 100 barg.
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U.S. light crude dropped $3.03, or 4.4 percent, to $66.33 a barrel, after earlier hitting a two-month low at $65.74. New Oil and Gas Jobs From BOE Report Jobs October 23, 2018 4:20 PM. Kimmeridge Energy Calls on Resolute Energy to Pursue a Sale or Combination October 19, 2018 10:00 AM.
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