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Mexico’s Dos Bocas Refinery Starts Biting Into U.S. Fuel Exports

Summary by Oil Price
For years, Mexico has been a major fuel buyer from the United States. Then the government built a new refinery that cost $20 billion, which was planned to boost the country’s energy independence. It seems it has finally started to do just that—and fuel imports are on the decline. The Olmeca refinery, also called Dos Bocas, was the centerpiece of Mexico’s previous administration, with Andres Manuel Lopez Obrador at the helm and plans for an even …

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Is Pemex at its best? Mexican oil has reduced its imports of gasoline and diesel, which means that it has ceased to depend on US fuel, in addition, the “star refinery” of the government of Andrés Manuel López Obrador, Dos Bocas, has taken off. Mexican oil imports fell in 2025, at their lowest level in 16 years, because the state oil company operated its refineries at the highest rates in a decade. In addition, the country’s largest refinery, Dos…

·Mexico
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Oil Price broke the news in London, United Kingdom on Thursday, January 29, 2026.
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