Crude oil

PMI Comercio Internacional, is the crude oil marketing entity in the international markets which acquires the balance between the produced oil and the domestic consumption for sale from Pemex.
To this end, it has signed several agreements with companies abroad to sell crude oil in the international markets. With nearly 25 clients in the Americas, Europe, the Far East, and throughout the world, PMI Comercio Internacional sells Maya, Istmo, Olmeca, and Altamira crude oils, in addition to being a major crude oil supplier to the United States.
In 2011 PMI Comercio Internacional placed 1.34 million b/d in the international market, or 52.5% of the total crude oil production, which places Mexico as the world’s 12th oil exporting country.
In 2012 Maya[1] crude oil exports were 1.26 million b/d (76.6% of total exports); America being its main market, while the Istmo and Olmeca crude oil exports amounted to 99,000 barrels per day (b/d) and 194,000 b/d, respectively. However, the total volume of exports, compared to 2011, was 6.1% lower.

From a geographical standpoint, during that year 79.2% of exports were made to the American market, 14.0% to Europe, and the remaining 6.8% to the Far East.

The crude oil export operations are carried out by sea under FOB (free on board) terms in Panamax oil tankers with a cargo capacity of 50 to 79 thousand tons, Aframax tankers  (80 thousand and 125 thousand tons), Suezmax (between 125 and 200 thousand tons), and  VLCC tankers, with cargo capacities of 300 thousand tons. Mexico has loading points in 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.

 [1]Altamira crude oil included​​​​​

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