Bloomberg News

Pemex Reopens Dos Bocas Oil Export Port on Better Weather

January 12, 2012

(Adds oil exports in third paragraph.)

Jan. 11 (Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, reopened a crude-export terminal in the Gulf of Mexico today after weather conditions improved.

The terminal at the port of Dos Bocas reopened in the afternoon, Mexico’s Merchant Marine said in a weather bulletin on its website.

Pemex, the third-largest supplier of oil to the U.S., exported about 1.3 million barrels of crude a day in December. About 84 percent of Mexican crude exports is sold to the U.S., according to statistics from Mexico City-based Pemex. Canada is the largest supplier of crude to the U.S followed by Saudi Arabia.

Dos Bocas is Pemex’s third-largest export terminal behind Cayo Arcas and Coatzacoalcos.

--Editors: Jasmina Kelemen, Will Wade

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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