Mexico’s Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government’s target of refining all of its oil domestically. Pemex Chief Executive Officer Octavio Romero projected that its crude exports would fall to 435,000 barrels per day (bpd) in 2022 from 1.019 million this year as Mexico incorporates operations at its the Deer Park refinery in Texas into its forward planning. Pemex this year moved to acquire the controlling interest held by Royal Dutch Shell, its partner in Deer Park, and the government expects the deal to be completed next month. Pemex in a presentation at a news conference forecast that from 2023 crude […]