Crude oil

Mexico is a major supplier of crude oil to the international markets. PMI Comercio Internacional is the crude oil marketing entity in the international markets which balances between crude oil volume produced by Pemex and domestic consumption. Worldwide, PMI Comercio Internacional is recognized as a reliable supplier, which establishes long term and mutually beneficial relationships with his clients.
To this end, it has signed several agreements with companies abroad to sell crude oil in the international markets. PMI Comercio Internacional sells Maya, Istmo, Olmeca, and Altamira crude oil grades to roughly 25 clients in the Americas, Europe, the Far East, and throughout the world.
In 2014, crude oil exports were 1.14 million b/d, 47% of total Mexican crude oil production. The U.S. Energy Information Administration positions Mexico as the tenth world oil producer.
By volume, our main export crude grade is Maya, while by region, our main market destination is the Americas, particularly the US Gulf Coast.
The world's primary exporting countries are:
Crude oil Production per country 2014
Thousand barrels per day
United States of America
Saudi Arabia
United Arab Emirates
   Source: U.S. Energy Information Administration.
In 2014, Mexico's revenue from crude exports decreased for various reasons 1) lower crude oil prices worldwide; 2) decreasing availability of mexican crude oil for export 3) global lower crude oil demand 4) global crude oversupply 5) geopolitical problems in Europe and Far East and 6) Less than expected chinese economic growth.
In recent years, PMI Comercio Internacional has looked to diversify its commercialization activity as crude availability in the US is increasing. As a result, we have signed a supply contract with a major company in China and our sales volume to India is increasing. In order to guarantee our clients satisfaction, our personnel in coordination with our headquarters, keep close contact with our clients in order to understand their view of the competitiveness of our crudes as well as market dynamics. In addition, each crude sale operation is closely followed in order to meet commercial or operational requirements that arise with our contracts. Sends written surveys annually to measure our client´s level of satisfaction in areas such as timeliness, efficiency and operational flexibility, detecting via the survey responses, any areas of opportunity for process improvement.
Crude oil export operations are carried out by sea under FOB (free on board) terms, which means that the seller delivers the crude on board the tanker nominated by the buyer at the named load port. The risk of loss of or damage to the crude passes to the buyer when the crude is on board the tanker, and the buyer bears all costs from that moment forward . Vessels utilized by our customers include Panamax, tankers with a cargo capacity of 50 to 80 thousand tons, Aframax tankers with cargo capacity of 80 thousand to 120 thousand tons, Suezmax tankers with cargo capacity of 120 to 200 thousand tons, and VLCC tankers, with cargo capacities of 200 thousand tons.
Mexico has load ports at Dos Bocas, state of Tabasco; Salina Cruz, in the state of Oaxaca; Cayo Arcas - approximately 162 kilometers offshore Cd. del Carmen, in the state of Campeche; Pajaritos, in the state of Veracruz, and Cd. Madero, in the state of Tamaulipas.
Pemex has two oil tankers for storage in the area of Cayo Arcas to load crude oil; the FSO (Floating Storage and Offloading) “Ta´Kuntah” with 2.3 million barrel capacity, and the FPSO (Floating Production, Storage and Offloading) “YummKakNaab” with a 2.2 million barrel storage capacity, crude oil blending,  separation, and stabilization.
The loading process starts with development of the monthly Crude Oil Loading Program which takes into account crude availability by crude type, clients´ requested loading dates, volume to load, clients’ operational/commercial priorities, as well as the ports/terminals’ loading constraints. Once the final loading dates (loading windows) are confirmed, clients nominate the tanker to which the crude will be loaded, subject to our vetting department and port authority approvals.
Once the definitive loading port is agreed, an official acceptance of the tanker is issued as well as the corresponding loading instructions. The loading instructions specify the loading window, the volume to be loaded, the tanker’s estimated time of arrival, a shipping agent and an independent inspector. The independent inspector  certifies quantity and quality of the crude at loading port
PMI Comercio Internacional has developed a Unified Corporate Response Plan which documents standard procedures for responding to a marine or land-based emergency that involves the spill or potential spill, loss or contamination of crude oil.

10/01/2017 0:00 Varinia Ramírez
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