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Mexico's Pemex records $17 bil energy trade surplus over Jan-Sep

Increase font size  Decrease font size Date:2012-11-16   Views:334
Mexico's state-oil company Pemex reported Monday a $17 billion surplus in its trade of crude oil, oil products, petrochemicals and natural gas during the first nine months of 2012.

In a filing with the Mexico City stock exchange, Pemex said that based on preliminary data, total export sales of those products were $39.3 billion in the nine-month period, while imports amounted to $22 billion.

The company did not provide a year-over-year comparison or quarterly breakdown.

Pemex's exporting arm, PMI Comercio International, shipped out an average 1.2 million b/d of crude oil over January-September totalling $35 million, the company said, adding that 76% of total exports were Maya crude with the rest comprising Istmo and Olmeca crudes.

In the international markets, Pemex placed 154,000 b/d of oil products totalling nearly $4 billion, while imports of these products cost $21 billion.

The company also exported 490,000 mt of petrochemicals equivalent to $226 million, while imports came in at $204 million.

It did not provide details on natural gas shipments.

 
 
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