A new oil refinery belonging to Mexico's state-owned Pemex, a top priority of the country's president, will again miss its promised launch date to begin production, according to an internal audit report seen by Reuters.
The report stated that the current July goal was "not feasible," which would mark a setback for President Andres Manuel Lopez Obrador, who has pitched the Olmeca facility as key to boosting domestic production of motor fuels while lessening a longstanding dependence on imports.
Late last year, Lopez Obrador said the refinery at the Gulf Coast port of Dos Bocas in his home state of Tabasco would begin by processing half of its capacity this July, or 170,000 bpd, a year after a flashy, symbolic inauguration.
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