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Dos Bocas Refinery Woes Continue

5/6/2021

The state-owned Pemex Dos Bocas refinery project in Mexico could see a dramatic cost increase from $8.9 billion to as much as $12.4 billion, according to recent statements from the company’s board of directors. This refinery project has seen several woes over its development, ranging from technical expertise shortages, market conditions, and weather issues that have continually delayed progress. Pemex has stated that a 2022 start date was still in effect for the 340,000 barrel per day refinery, but the company has specified that this date will be for trial production purposes. By the end of last year, the project was reportedly 20-25% complete and making a start date in 2022-2023 at this pa