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The Deer Park refinery reported a 28% decline in Grupo Milenio’s net income

Rudyard Kipling by Rudyard Kipling
May 4, 2023
The Deer Park refinery reported a 28% decline in Grupo Milenio’s net income
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Mexican oil (pemex) mentioned that Colander deer park in Texas During the first quarter of 2023, it recorded a net profit of 5 thousand 164 million pesos.

This represents profit 28 percent decrease Compared to what was obtained in the first quarter of 2022, when the Deer Park operation moved to Pemex and made a profit of 7 thousand 177 million pesos.

related refinery sales in the United States, These were for P44,412 million, which is a marginal decrease of 3 percent compared to the P45,743 million reported by Pemex for the Deer Park unit in the same period of 2022.

about him Crude oil processing at Deer Park Refinery Pemex recorded during the first quarter 264 thousand barrels per day, a decrease of 43 thousand barrels, compared to 307 thousand barrels in the same quarter of 2022. Thus, the refinery utilization rate reached 76.3 percent.

he Pemex CEO Octavio Romero OropezaIn a conference with investors, he indicated that although there were some operational incidents that led to a decline in the crude oil process, the refining margin increased by 47 percent, from $13.1 per barrel in 2022 to $19.2 in 2023.

“As a result of the above, the supply of transportation fuels, namely gasoline, diesel and jet fuel, has increased significantly given the contribution of Deer Park products. The increase compared to the beginning of the administration has reached 90 percent,” he said. claimed.

AMP

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Rudyard Kipling

Rudyard Kipling

Rudyard Kipling writes for The Cleveland American, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, important developments, and stories that matter.

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