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Pemex's petchem production falls 7% in second quarter

11:02 AM MDT | July 31, 2014 | Francinia Protti-Alvarez

Petróleos Mexicanos' (Pemex; Mexico City) petrochemical production fell by 7.1%, to 1.36 million m.t. during the second quarter compared with the same period last year, according to the latest company results. Pemex sold 1.03 million m.t. of petrochemical products during the second quarter, 2.2% down year-on-year (YOY). Petrochemical sales totaled peso586 million ($45 million), up 7.2% YOY. The decrease is due in part to a reduction in ethane-chain derivatives volumes as well as to the spin-off of Pemex's vinyl chloride and muriatic acid business into a...

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