18 February 2009 23:06 [Source: ICIS news]
MEXICO CITY (ICIS news)--Petroleos Mexicanos (Pemex) sold record levels of ammonia fertilizer during December and January, ?xml:namespace>
January’s sales figure of just over 108,000 tonnes was the highest in 10 years. Pemex said it sold 51,724 tonnes in December.
Pemex makes ammonia from natural gas at Cosoleacaque, a petrochemical complex in the southeast state of
According to Energy Ministry data,
Even with the recent gains, Pemex continues to produce much less fertilizer than it could.
Analysts blame the comparatively low production of ammonia on Pemex’s price transfer system, under which its natural gas division charges Pemex’s other units the same as it would cost to import the gas from the
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