Pemex increases gasoline production thanks to Dos Bocas

The Dos Bocas refinery and the rehabilitation of the National Refining System boosted Pemex's production in 2025, covering 52.9% of the gasolinas commercialized and reducing imports to their lowest level in 16 years. For diesel, coverage reached 92% of domestic demand. This improvement marks the largest increase in four years for gasolinas and a decade for diesel.

In 2025, Petróleos Mexicanos (Pemex) achieved a significant advance in fuel production, driven by the operation of the Dos Bocas refinery and the rehabilitation of the National Refining System (SNR). The company, led by Víctor Rodríguez Padilla, produced an average of 356.3 thousand barrels daily of gasolinas (magna and premium), a 22.7% increase from the previous year, the highest in the last four years. This allowed it to cover 52.9% of the gasolinas commercialized internally.

Dos Bocas was the main driver of this 'boom', rising from 3 thousand barrels daily in 2024 to 49.9 thousand in 2025, operating at 30% of its designed capacity of 170 thousand barrels daily. In December 2025, it reached 80 thousand barrels daily. Other refineries contributed with increases: Tula (30.9%), Minatitlán (4.2%), Salina Cruz (1.8%), and Salamanca (1.2%). Only Cadereyta (-4.8%) and Madero (-1.1%) recorded decreases.

For diesel, average production was 227.8 thousand barrels daily, a 26.6% growth and the highest level in a decade. Dos Bocas contributed 54 thousand barrels daily, 23.7% of the national total, operating at 45% of its 120 thousand barrel capacity. Diesel imports fell to 81.2 thousand barrels daily, the minimum since 2009.

Gasoline imports dropped to 337.3 thousand barrels daily, the lowest in 16 years, compared to 78.2% dependency in 2018. This resurgence impacts U.S. refineries, as Mexico is their largest buyer. According to U.S. Energy Information Administration data, Mexican imports of gasoline and diesel were 726 thousand barrels daily in October 2025.

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Pemex refinery scene with executives presenting rising fuel production and falling debt charts, symbolizing Mexico's energy success.
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Pemex announces rise in fuel production and debt reduction in 2025

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Petróleos Mexicanos (Pemex) reported a fifth consecutive year of rising gasoline production in 2025, reaching 511,000 barrels per day, during the presentation of its 2026 plan. The company also disclosed that its debt hit the lowest level in 11 years and clarified details on crude oil sales to Cuba. These developments are part of the Mexican government's energy sovereignty strategy.

The Olmeca refinery in Dos Bocas has reached nearly 87% of its installed capacity, pushing Pemex's refining to its highest level in over a decade. Opened in 2022, this facility has overcome early hurdles to aid Mexico's fuel self-sufficiency. Yet, debates continue over high costs and environmental concerns.

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Petróleos Mexicanos (Pemex) reported a small fire at the Olmeca Refinery in Dos Bocas, Tabasco, on January 22, 2026. The incident stemmed from a loss of containment in a discharge line and was contained without harm to personnel, the environment, or the community. The refinery continues to operate normally and safely.

GeoPark reported an average annual production of 28,233 barrels of oil equivalent per day (boepd) in 2025, exceeding its guidance range of 26,000 to 28,000 boepd. In the fourth quarter, production reached 28,351 boepd, driven by optimizations and key divestitures. The company operated six drilling rigs and completed 16 wells over the year.

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The recent US intervention in Venezuela, culminating in Nicolás Maduro's capture, has altered the regional oil landscape. President Donald Trump pledged to attract US investments to revitalize Venezuela's industry, while Colombia faces challenges in its crude production and exports. This dynamic could intensify competition in the heavy crude market.

Mexico's heavy vehicle market saw a 31% decline in 2025, described as truly catastrophic by the National Association of Bus, Truck, and Tractor Producers (Anpact). The drop exceeded gloomy forecasts following 2024's record high and affected the entire production chain in the sector. Key factors include deteriorating business expectations and an uncertain economic environment.

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Mexico's state oil company Pemex has canceled a crude oil shipment to Cuba scheduled for late January 2026, as the US escalates efforts to cut off fuel supplies to the island following its January 3 capture of Venezuelan leader Nicolás Maduro. The decision heightens Cuba's energy crisis, with the country relying heavily on Mexican imports amid chronic blackouts and isolation.

 

 

 

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