Mexico’s largest oil refinery, the Salina Cruz refinery, is offline after a fire broke out in the refinery following a 7.4 magnitude earthquake in the area. Pemex, Mexico’s state-run oil company, said that the fire was immediately extinguished. The refinery has an installed capacity of 330,000 barrels of crude oil per day but hasn’t been producing that much for quite some time. The earthquake that struck in Southeast Oaxaca left one dead and sent shockwaves that could be felt nearly 500 miles away. Mexican President Andrés Manuel López Obrador said, “Strategic installations didn’t suffer any damage, that is to say, ports, airports, refineries, hydroelectric plants, everything is in a good condition”. The shutdown was described as a precautionary measure. Many of Mexico’s oil refineries have been offline intermittently over the past few years due to extended maintenance or operational problems due to poor condition. The Salina Cruz refinery has […]