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Mexico’s largest refinery offline as earthquake strikes

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The Salina Cruz refinery which is Mexico’s largest oil refinery has gone 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.

Mexico’s largest oil 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.

According to reports, the earthquake that struck in Southeast Oaxaca left one dead and sent shockwaves that could be felt nearly 500 miles away.

“Strategic installations didn’t suffer any damage, that is to say, ports, airports, refineries, hydroelectric plants, everything is in a good condition”. Mexican President Andrés Manuel López Obrador said.

OilPrice reports that 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 conditions. The Salina Cruz refinery has been offline multiple times in the past few years, including for a previous fire and earthquake in 2017.

Meanwhile, Mexico is still moving forward with a massive $8 billion oil refinery, the likes of which have been controversial even before the coronavirus pandemic. Some say the 340,000 barrel per day refinery could cost upwards of $10 or even $12 billion.

Source Oil Price
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