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Pemex 235,000-Barrel Cadereyta Pemex Coking Refinery Hit by Explosion

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This topic contains 2 replies, has 1 voice, and was last updated by  Charles Randall 10 years, 8 months ago.

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  • #2542

    basil parmesan
    Participant

    Pemex 235,000-Barrel Mexican Refinery Hit by Explosion
    By Carlos Manuel Rodriguez – Sep 7, 2010 2:30 PM CT
    Petroleos Mexicanos, Latin America’s largest oil producer, said its 235,000 barrel-a-day Cadereyta refinery outside the city of Monterrey was hit by an explosion, the second such incident at the company in the past six weeks.
    One person died and 10 were injured, two seriously, after a compressor exploded today in a desulfurization unit at the plant, the company said in a statement. The refinery is continuing to operate, said a spokesman who declined to be named, citing Pemex policy, without giving more information.
    Mexico imported 432,000 barrels a day of petroleum products from the U.S. in June, according to the U.S. Energy Department and is the second-largest supplier of oil to the U.S. Cadereyta processed 104,063 barrels a day in July, a 56 percent drop from December 2006 when the facility peaked at 239,388 barrels daily, according to the website of Mexico’s Energy Ministry.
    The person who died and seven of the injured workers are Pemex employees, the company said. The other three people hurt were contractors from Carso Infraestructura y Construccion SA, the oil services company owned by billionaire Carlos Slim.
    “There are numerous injured and maybe some dead, but we have not been told how many,” Erika Garza, a spokeswoman with emergency response company Cruz Verde, said today in a telephone interview. “Everything started at 9:30 a.m. and now the ambulances are at the scene.”
    Analyzing Effects
    Pemex officials are analyzing the effects of the accident at the site, about 30 kilometers (19 miles) from Monterrey, according to the Pemex spokesman. The “situation is under control,” said a company spokesman for the region of Monterrey, who also declined to be named.
    Today’s accident follows a similar explosion at a coking unit gasoline storage tank at the company’s Francisco I Madero refinery on the Gulf of Mexico on July 29.
    Gasoline rose as traders speculated that the explosion could increase demand for fuel exports from the U.S. Gulf Coast. Gasoline for October delivery rose 0.47 cent to $1.9242 a gallon at 1:04 p.m. on the New York Mercantile Exchange.
    Crude for October delivery fell 19 cents, or 0.3 percent, to $74.41 a barrel on the New York Mercantile Exchange at 2:06 p.m. in New York.
    Mexico is a net importer of refined petroleum products. In 2009, Mexico imported 519,000 barrels a day of refined petroleum products, while exporting 244,000 barrels daily. Gasoline represented about 60 percent of its product imports.
    New Refinery
    Pemex is building its first refinery in three decades in the state of Hidalgo to keep up with rising gasoline demand as more Mexicans buy cars. Demand for the fuel in Mexico, which imports about 40 percent of domestic consumption, may gain 5 percent a year through 2012, according to the Energy Ministry.
    Mexico’s six refineries were able to process 1.35 million barrels a day in 2009, according to Energy Ministry figures. The plants ran at about 70 percent capacity last year.
    Pemex may import about 3 percent of its refining capacity the company’s Chief Executive Officer Juan Jose Suarez Coppel said in a radio interview last month.
    To contact the reporter on this story: Carlos Manuel Rodriguez in Mexico City at carlosmr@bloomberg.net

  • #5498

    Charles Randall
    Participant

    Several follow-up news articles out on Pemex Cadereyta explosion : Some indicate up to 6 workers died in accident, another indicates the repairs will take min 2 weeks to perform, and one indicates imports from US to gain from Pemex refinery dowtime most likely Valero refineries.

  • #5497

    Charles Randall
    Participant

    Pemex Aims to Fix Cadereyta Refinery Coker This WeekSeptember 08, 2010, 11:06 PM EDT
    By Carlos Manuel Rodriguez
    (Updates with statement on processing plants in first and second paragraph.)
    Sept. 8, 2010 (Bloomberg) — Petroleos Mexicanos, Latin America’s largest oil producer, said it will complete the repairs of its coker unit by Sept. 11 after an explosion at the Cadereyta refinery outside of Monterrey.
    The condition of the hydrotreater plant affected by the accident is still being evaluated, the company said in an e- mailed statement. “The operational damage is very light,” said a company official who declined to be identified, citing internal policy.
    One person died and 10 were injured, two seriously, in yesterday’s explosion at the refinery in northern Mexico. Cadereyta will cut capacity by 15,000 barrels a day to 200,000 barrels daily, the company said yesterday. The plant processed 104,063 barrels a day in July.
    Gasoline prices traded in New York reached a five-day high yesterday on speculation the Pemex explosion would increase fuel exports from the Gulf Coast. Gasoline rose 1 percent to $1.9530 at 1:14 p.m. New York time.
    Mexico imported 432,000 barrels a day of petroleum products from the U.S. in June, according to the U.S. Energy Department.
    –With assistance from Barbara Powell in Dallas. Editors: John Viljoen, Clyde Russell.
    To contact the reporter on this story: Carlos Manuel Rodriguez in Mexico City at carlosmr@bloomberg.net
    To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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