Pemex petchem revenues up 47% through August

08 October 2004 19:15  [Source: ICIS news]

SAO PAULO (CNI)--Petroleos Mexicanos’ (Pemex) petrochemicals sales revenues increased by 47.1% during the first eight months of 2004 to Pesos 11.53bn ($1.02bn/Euro810m) over the same period in 2003, Pemex said in a statement Friday.

 

In terms of sales volumes, the company’s domestic sales reached 2.33m tonnes during the first eight months of 2004, a 12.6% increase over 2003 levels.

 

On the domestic market, top selling products were polyethylene (PE), with sales of 276 300 tonnes; ammonia, with sales of 372 000 tonnes and ethylene oxide (EO), with sales of 131 000 tonnes during the eight-month period.

 

The company produced 7.02m tonnes of petrochemicals during the first eight months of the year, a 3.3% increase over 2003 production levels.

 

Pemex also said that it posted a positive trade balance in petrochemicals products of $125.8m.  The company’s exports totalled $147.9m, with imports of $22.1m during the period.

 

Pemex is seeking to revitalize its petrochemicals industry.  Later this month, the company is expected to announce its partners on the Phoenix project, a $1.8bn petrochemical project.

 

Earlier this week, Mexico’s President Vicente Fox said he would travel to Canada in an effort to meet with petrochemicals companies interested in investing in Mexico.

 

Pemex is headquartered in Mexico City.

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly