Mexico | Higher sales support Pemex’s financial results

Summary

The new fields will have to produce an average of 378 thousand barrels a day between April and December of 2022 to make it possible for Pemex to reach its production target of 1.849 million barrels a day.

Key points

• Key points:
• Pemex’s own production explains 56.3% of the increase in the production of liquid hydrocarbons since the first quarter of 2021 while the contribution of condensates is 42.9%
• Boosted by higher prices of crude oil and refined products, Pemex’s export and domestic sales posted an annual increase of 68.5% and 51.3% in the first quarter of 2022, respectively

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