Reported 11 months ago
Mexico's state oil company, Petroleos Mexicanos, saw an 11% rise in gasoline imports in May, hindering President Andres Manuel Lopez Obrador's aim to achieve national self-sufficiency in refining. Despite earlier cuts in fuel imports, the company's struggles persist as they await the completion of the Dos Bocas refinery. Pemex's delays in refinery projects and declining crude production, along with a high debt burden, are impeding Mexico's energy independence efforts.
Source: YAHOO