Mexico’s New Refinery Won’t Be Ready for Commercial Output in 2024

Mexico’s newest refinery, the long-delayed Olmeca processing facility with a planned capacity of 340,000 barrels per day (bpd), is unlikely to be ready to produce commercial quantities of fuels by the end of this year, five sources familiar with the operations told Reuters on Monday. The Olmeca refinery, also known as Dos Bocas, is a flagship project of outgoing Mexican President Andrés Manuel López Obrador, who sought to reduce Mexico’s dependence on fuel imports from the United States. The refinery, however,…