President Andrés Manuel López Obrador inaugurated the first stage of the new Olmec Refinery that was built in Dos Bocas, Tabasco, as part of the celebration of the fourth year of its 2018 election win.
The new refinery cost more than 12 billion dollars (MDD) and was built in just three years, the work was carried out by the Ministry of Energy. The new plant will have the capacity to produce 340,000 barrels of fuel per day.
The President assured that in six months, the Deer Park refinery in Houston, Texas, has had profits of more than 50% of its cost, so this year it will be paid. The federal Executive indicated that like the Olmeca plant, Deer Park will refine 340 thousand barrels per day.
“In six months profits of more than 50% of its cost have been obtained, that is to say, this year that refinery will be paid for with a capacity to process 340 thousand barrels per day just like this refinery. To this must be added that we decided to restart the construction of the Tula coking plantwhich had come to a standstill with an investment of nearly two billion dollars,” he added.
With this new plant and refinery in Deer Park in Texas, there are eight refineries that make up the National Refining System that are part of the strategy to achieve energy sovereignty and stop buying gasoline abroad as of 2023.
Secretary of Energy Rocío Nahle has indicated that will integrate the 17 chemical plants, to interconnect them to a “central avenue”, where the different products will flow through pipes. Alternately, start-up tests will be carried out that will allow identifying and correcting possible failures, measuring pressure, temperatures, flows and equipment tightness.
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