Lowering the production of petrochemicals Pemex as far the year, manufacturing subsidiary accumulated a decline of 7.8%; Despite soar 16% in its budget between 2010 and 2014, the final product shrank 14 percent during that period.
 
Even at best prices on the raw material, the production of petrochemicals of Petroleos Mexicanos (Pemex) had an annual fall of 7.8 percent in the first five months of the year, which developed 4,590 tonnes of products, which is 338,000 tons less than last year, according to the indicators in the fifth month of the year of the State.
 
With this, which works as a subsidiary responsible for the manufacture of these products, Pemex Petroquímica (PPQ), had a fall of 11.9% in their income by inside sales, reaching 14,384 billion pesos in the first five months of the year.
 
With the low prices of oil and gas, less than 50 dollars barrel and $4 1 million BTU on average during this period, the industrial activity should not be seen diminished, since gets raw in best conditions. But Pemex Petroquímica suffered a cut from 1,599 million pesos after the adjustments that the Treasury decreed for the exercise of this year, derived from the fall of oil prices.
 
However, with this cut, the subsidiary that concentrates 9.6% of the annual expenditure of the entire company received only 3% less budget. The cut was less than that practiced in the other areas of the State, as Pemex Gas, which cut 16% of expenditure, or the rest of the company, which cut was 11% on average.
 
Even with more spending, since between 2010 and 2014, the expenditure allocated for Pemex petrochemical projects spent 43,383 to 50,623 million pesos, an increase of 16%, Pemex reduced by 14% its production of petrochemicals in the same period.
 
Deferred projects
 
In a request for public information, the liaison unit of the subsidiary detailed projects that further trimming suffered and could hit production were the modernization and expansion of the train of aromatic in Cangrejera, which were left to 700 million pesos and where the placement of the cogeneration plant for electricity that would cost 324 million pesos was also postponed.
 
Other approved projects whose resources were not released in 2015 were the placement of a cogeneration plant on the floor of ancillary services of Morelos, by 500 million pesos, with the maintenance of the production capacity in two of the Morelos complex production plants, with what is left of exerting 70,000 million pesos , in addition to 5,590 million authorized weights that were not released to sustain production capacity on the ground of services Assistant I, of this same complex in Veracruz.
 
Last year, 46% of the total consumed was imported
 
Import of gasoline has picked up to 51%
 
The volume of imports of gasoline had an interannual increase of 10.7% from January to may, reaching 396,080 barrels per day on average, equivalent to 51% of the automotive fuel that was consumed in that period.
 
Last year, in the first five months, imports of gasoline was 357,880 barrels per day on average, equivalent to 46% of the total of the fuel that was consumed in the country.
 
This increase in the acquisition of gasoline from abroad, mainly from the United States, is due to the market price of this product has fallen along with the oil, while Mexico maintains the price controlled by the Treasury. However, one of the objectives of the energy reform was to reduce this dependence, according to the explanatory memorandum of the legislation passed last year.
 
Despite the increase in imports, the outlay on imports of petroleum (including gasoline, diesel and jet fuel, mainly) during the first five months of the year was 30% lower than that took place in the same period of last year, amounting to $ 7,490 billion in 2015.
 
But in volume, total imports of derivatives such as liquefied gas, gasoline, diesel, fuel oil, natural gas and petrochemicals increased by 12.5% in the same period, reaching 683,440 barrels per day, although this was due to the purchases of these products abroad is also cheap to the lower price of the barrel of oil, mainly in the U.S. market. Pemex made spending 31% lower than that of the last year in this category, so your purchases of products abroad placed 8,202 million dollars, according to its indicators to the fifth month of this year.
 
Petroleos Mexicanos (Pemex) oil export earnings fell 47 percent in the first five months of the year, compared with the same period in 2015, in 8,682 million, while volume yielded an average growth of 3.4% in this area.

Source: El Economista - http://eleconomista.com.mx/industrias/2015/06/28/mengua-produccion-petroquimicos-pemex