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Mexico reduces Oil Production, cities Refineries US Ike damaged
Associated Press – September 24, 2008 9:05 PM ET
MEXICO CITY (AP) – Mexico’s state oil company says it is temporarily reducing oil production because U.S. refineries damaged by Hurricane Ike have canceled shipment orders.
Petroleos Mexicanos, or Pemex, says it has lowered its daily output by 250,000 barrels a day. But the company said Tuesday it expects production to be back to normal by the end of the week.
Pemex produced an average of 2.75 million barrels a day in August, the latest available output figure.
Hurricane Ike shut down or reduced work at more than a dozen refineries on the Gulf Coast of Texas.
7 of those refineries process crude oil from Mexico. Pemex’s storage capacity has been saturated because the refineries cannot receive Mexican oil shipments.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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