Petróleos Mexicanos (PEMEX) is currently developing various approaches to improve the operating efficiency of the National Refinery System, in order to improve the objective of profitability, as established in the company’s Business Plan for 2017-2021. The strategy focuses on the increased production of refined products that have a greater economic value, such as fuels and diesel.

In this respect, Pemex Transformación Industrial will carry out the most thorough and intense complete maintenance program in the Francisco I. Madero refinery, which is located in Ciudad Madero, Tamaulipas. Today, the gradual scheduled shutdown of the different plants and associated services will begin, until full operations shutdown is achieved over the course of the next few days.

This procedure will guarantee the safety and reliability of the operating processes of the refinery, and will contribute decisively to the improvement of its performance level. This initiative, which has been unheard of in the refinery’s history, is the result of the new approach applied by Pemex to build solid foundations in order to become an efficient and highly competitive corporation.

Throughout the maintenance and overview work, the roster of unionized and trusted employees, who are already a part of the refinery, will be used. This is aimed at assisting in the initiative’s success. Various companies will also participate in conducting the various different tasks, which will generate a positive financial impact in the area.

In terms of the fuels that the refinery will cease to produce during this maintenance period, Pemex is making the appropriate commercial decisions to guarantee the supply of oil products in the country. It is estimated that, by the end of December 2017, the operating stability of the refinery in Ciudad Madero will be achieved and its optimal level reached, thus turning around its negative financial results.

With these actions, which contribute to the fulfilment of its mandate of creation of value, Pemex reaffirms its steadfast commitment with Mexico to continue being the country’s flagship company.

About Pemex

Pemex, Mexico's state oil company, is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives. Its products include petrochemicals, natural gas, liquid gas, sulphur, gasoline, kerosene and diesel. Pemex operates 344 production fields, 6,382 production wells, 225 off-shore platforms, 6 refineries, 8 petrochemical complexes, 7,896 km of gas pipeline, 4,548 km of oil pipeline, and 19 LPG distribution terminals.