Mexican oil (Pemex) is a state-owned company that produces, transports, refines and markets oil and natural gas. Likewise, it represents a key support in the Mexican economy, since it produces and supplies primary energy and strategic goods, concentrating the factors of production and services in a single entity.
In this sense, it has an individual constitutional regime called a state productive company for the exploitation of energy resources in Mexican territory, although it also has various operations abroad, mainly marketing, financial operations and peripheral oil services.
Having said this, it is important to know what the functions of the state oil company are, as well as the main products it sells and its place in world production.
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What is the function of Pemex?
According to the company website, Pemex Its objective is the exploration and extraction of oil and hydrocarbons in Mexico, as well as abroad.
In addition, it provides the service of transportation and storage of hydrocarbons, oil and petrochemicals and other related services, through movement strategies by pipeline and by maritime and land means, as well as the sale of storage and management capacity.
In the same way, it focuses on the activities of refining, transformation, processing, import, export, commercialization, sale to the public, preparation and sale of hydrocarbons, oil products, natural gas and petrochemicals.
What place does Pemex occupy in world production?
During 2022, Pemex produced 1,903,000 barrels per day, according to its reports. This places Mexico in 12th place among the main oil producers, according to EIA data.
Statista indicates that the company has 3,8750 oil wells to compose its production until 2022.
What products does Pemex sell?
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The oil company’s website indicates that it has three product lines. First of all, there are the combustible gases, which are one of the main sources of energy for domestic use. In addition, they are used as fuel to produce thermal energy through a combustion process. Within this category are: Liquefied petroleum gas, Natural gas, Domestic diesel, Propane, Naphtha and Ethane gas.
there are also the gasoline, which are used as the main fuel for transportation, used in internal combustion engines. There are different specifications regarding sulfur and octane content.
It is worth mentioning that gasoline is obtained from the fractional distillation of petroleum. Pemex markets different types such as: Pemex Diesel, Pemex Magna, Pemex Premium, Special Marine Diesel, Gasoline with a minimum 87 octane content, Gasoline with a minimum 91 octane content, Automotive Diesel, Marine Diesel and Industrial Diesel.
Finally, the company also distributes products for industrial use, which are mainly directed at transformation companies, which in turn participate in all sectors of the economy. Below, you will be able to identify the most used products: oils, agriculture and food, fuels, construction, electrical, energy, containers and packaging, pharmaceutical and cosmetic, industrial, mining, petroleum, polyethylene, chemicals, solvents, textiles and transport and automotive
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Source: Gestion
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