Wedoany.com Report-Sept. 29, Mexican state-owned energy company Pemex exported 500,203 barrels per day (bpd) of crude oil in August 2025, a 32% decrease compared to August 2024, according to company data released on Thursday, September 25, 2025. The reduction reflects increased processing at its domestic refineries, which handled just over 1.05 million bpd in August, a slight rise from July 2025.

A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024.

Pemex faces challenges in maintaining output from aging fields, particularly in the Gulf of Mexico, due to financial constraints and significant debt. The company projects crude oil exports will further decline to approximately 487,900 bpd in 2026 and to 393,100 bpd over the next decade. Crude oil and condensate production in August reached 1.64 million bpd, consistent with recent months but lower than the previous year.

“The government of President Claudia Sheinbaum has said it wants to lift crude oil production, which is dominated by Pemex, to reach 1.8 million bpd,” a statement from the administration noted. This target aims to bolster Mexico’s energy sector, despite difficulties in processing the heavy sour Maya crude, which limits refinery efficiency. As a result, Mexico continues to import refined products like gasoline and diesel to meet domestic demand.

In August 2025, imports of petroleum products dropped to 457,849 bpd, a 19% decrease from July 2025 and a 38% reduction year-on-year. Meanwhile, Pemex’s production of petroleum products reached 1.07 million bpd, a 4% increase from August 2024, though slightly below the 1.09 million bpd recorded in July 2025. The rise in domestic refining is partly attributed to the new Olmeca refinery, which supports Mexico’s goal of increasing local fuel production.

Efforts to enhance refining capacity align with Mexico’s strategy to reduce reliance on imported fuels. However, challenges such as declining field productivity and financial pressures continue to impact Pemex’s operations. The company is exploring partnerships with private firms to stabilize production and meet the 1.8 million bpd target, though specific plans remain undisclosed.