Home » today » Business » In 2023, 1,508 million dollars were allocated to the Olmeca Refinery

In 2023, 1,508 million dollars were allocated to the Olmeca Refinery

The federal government contributed to Petróleos Mexicanos (Pemex) during 2023 around 1,508 million dollars for the construction of the Olmeca Refinery, located in Dos Bocas, Tabasco, according to information from the state company.

According to data disclosed by the oil company in the annual report it sent to the United States Securities and Exchange Commission (SEC), the current administration made contributions of resources to continue with the construction of the new facility. of Pemex in the municipality of Paraíso.

The capital contributions of the Mexican government for the construction of the Olmeca Refinery reached 25,535 million pesos (equivalent to 1,500 million dollars) during 2023he noted in the document.

Last Friday, the general director of the state company, Octavio Romero Oropeza, said during his speech at the morning conference of President Andrés Manuel López Obrador, that the total cost of the refinery amounts to 16.8 billion dollars.

Until December 31 of last year, according to a request for information made by The Conferencethe cost was 15,963 million.

The current authorized budget for the project is 15,963 million dollars plus VAT included, plus 853.3 million dollars for the start-up, VAT included, confirmed the oil company in the annual report. The above means that in total 16,816 million dollars will have been officially spent on the project.

The original amount

The project was originally going to cost $8.8 billion, so the original amount was doubled.

According to the same document sent to the United States authorities, The budget for the construction of the Olmeca refinery during 2024 may be subject to additional capital contributions from the government of Mexico.

The general director of Pemex also clarified last Friday that From a construction point of view, it is completely built, there are the 18 plants that make up the refinery.

At this moment the facility is in a testing phase, which would be completed in June to begin producing 340 thousand barrels of fuel per day.

The Olmeca Refinery began start-up work during 2023. As of December 31, 2023, the refinery is being supplied with barrels of oil from the Dos Bocas maritime terminal. The Olmeca Refinery will enter its stabilization stage in 2024Pemex indicated in the report sent to the SEC.


#million #dollars #allocated #Olmeca #Refinery
– 2024-05-11 09:54:36

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.