The Deer Park refinery has made a profit of $746 million, Pemex director Octavio Romero Uropza confirmed.

investment to buy deer garden strainer He recovered in less than 6 months and the complex is located in Texas, United State It posted a profit of $746 million in the first half of the year.

Between January 1 and June 30, deer park It made profits that not only made it possible to recover the investment involved in its purchase, but “also left an additional $150 million,” said Octavio Romero Oropeza, general manager of Mexican oil (Pemex).

while viewing Quarterly results From the Mexican Oil Company, the official commented, “I am pleased to share with you that the operation is continuing to the highest standards and in this first semester has generated a net profit of $746 million, and EBITDA 862 million dollars. (…) With the net result obtained so far, the investment made for the acquisition Deer Park recovered even more In less than six months, ”the director explained in detail.

Read also Deer Park processes 25% of the oil delivered to SNR

Pemex recorded a net income of 131 thousand 377.9 million pesos

The director of Pemex indicated that this refinery has a processing level of 281,000 barrels per day of crude oil and produces 293,000 barrels per day of petroleum products, including about 250 thousand barrels of gasoline, diesel and jet fuel.

In addition, he announced that in the second quarter of the year, PEMEX recorded a net return of 131 thousand 377.9 million pesos, an increase of 812% over the 14.4 million recorded in the same period of 2021.

With the April-June 2022 result, the company added two consecutive quarters of progress, and posted its best-ever performance.

According to the financial report submitted by the state production company, the recorded profits are due to the improvement in crude oil prices and the rise in revenues from domestic sales, which is its biggest strength.

Read also Deer Park has facilities at more than 50% of its cost and will be paid this year: AMLO

“It is true that a rise in prices was recorded in the first half, and it is worth noting that during other exercises with similar price levels and higher production, the results were much lower, and even losses,” Oropeza explained at a conference with the media and investors. .

As part of the above, and what benefited PEMEX’s financial performance is that domestic sales and exports posted year-on-year growth of 89.2% and 88.5%, respectively.

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