Mexico to stop exporting oil

Mexico intends to stop exporting crude oil from 2023, Bloomberg writes. In 2022, the country plans to reduce the supply of raw materials abroad to 435 thousand barrels per day, and in the following year, bring them to zero.

The authorities decided to create a full cycle of oil refining in the domestic market. While Mexico sells crude oil, and then imports already recycled expensive petroleum products – for example, gasoline and diesel.

Most of the fuel, the country purchases from US refineries. In November, Petroleos Mexicanos (Pemex), Petroleos Mexicanos (PEMEX) supplied abroad for about one million barrels per day.

In 2022, Russia will be a comfortable price for oil 65-80 dollars per barrel. Such a forecast was previously given by the Deputy Prime Minister Alexander Novak. At the moment, the price of oil is $ 75 per barrel.

In addition, Deputy Prime Minister commented on US statements, China and a number of other countries about readiness to print their strategic reserves of oil. According to him, a total of 50-60 million barrels. At the same time, Novak clarified that about 36 billion barrels are consumed annually in the world.

/Media reports.