Mexico's Pemex pumps less, refines more at home in October, data shows

MEXICO CITY, Nov 26 (Reuters) - Mexican state energy company Pemex pumped 4.4% less crude oil and condensate in October year-on-year, or 1.64 million barrels per day (bpd), although it refined more at home, data showed.

Pemex attributes the sustained decline in crude oil production, which currently averages 1.36 million bpd, down 6% year-on-year, to the lack of relevant discoveries and the natural decline of several key fields.

Its seven local refineries refined 43% more year-on-year, reaching 1.04 million bpd, helped in part by the Olmeca refinery in the port of Dos Bocas, which processed 191,657 bpd. In October last year, it refined nothing.

Pemex produced 1.09 million barrels of petroleum products, up 12.6% year-on-year, the data released on Tuesday showed. Of this, 324,992 barrels per day were gasoline, 255,626 bpd were diesel, 239,682 bpd were fuel oil.

Domestic sales of these and other products, as well as gas, rose 9% year-on-year to 1.3 million bpd.

Imports of petroleum products and gas fell 20% to 455,263 bpd over the same period.

Meanwhile, crude oil exports rose 18% to 626,791 barrels per day.