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Mexico's National Refining System
( Sistema Nacional de Refinación abbreviated SNR ) is facing its worst crisis , having found it necessary to import fuel in such an extent that it has generated a deficit in the oil balance for USD$3.449 billion .
In October , oil production reached its lowest level since 1992 , after the six refineries operated by Mexico's State Oil Company ( Petróleos Mexicanos abbreviated Pemex ) through Industrial Transformation ( Transformación Industrial abbreviated TRI ) barely had the capacity to process 179,000 barrels per day ( bpd ), the equivalent to only two of every ten liters that the national market demanded in that month.
Since March , when the highest level of production for 2017 was recorded, with 335,000 bpd , oil production plummeted 46.4% at the end of last month.
The 179,000 bpd meet only the daily needs of Mexico City , State of Mexico , Veracruz , and Colima .
According to Petroleum Indicators of Pemex, the Mexican state oil company had to resort to the international market to import gasoline and diesel , mainly from the United States . The shipments for 547,000 bpd and 250,000 bpd respectively, have required the disbursement of USD$ 18.741 billion in the first 10 months of the year.
These imports exceed the value of crude oil exports made between January 1 and October 31, which represented revenues for Mexico for USD$ 15,409 million .
Mexico’s crude oil production has been declining for over a decade, which has caused imports of refined fuels to nearly double over the same period of time, according to data from Mexico's Ministry of Energy ( Secretaría de Energía abbreviated Sener ).
In October, Pemex produced about 1,902,000 oil bpd , that is, 118,000 fewer barrels than in January.
Of that volume, the Federal Government decided to export 1,342,000 bpd , that is, seven out of every ten barrels extracted.
The remaining 30% ( 560,000 bpd ) was allocated to the SNR, which implies that the refineries of Minatitlán , Salamanca , Madero , Salina Cruz , Cadereyta , and Tula worked at 41.1% of their capacity in October.
The six refineries operating in the country processed up to 1 ,360,000 bpd in July 2004 .
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