Fuel storage capacity would reach 25 days

Within the next five years at the latest, the storage capacity for petroleum products in the country will reach an increase of 78% compared to the level that existed before the opening of this activity to the market, totaling 25 million barrels in 91 facilities. which, according to specialists, is still insufficient, given the country’s demand.

The foregoing is equivalent to 25 days of storage in the country, when the average level among the OECD countries is 45 days and countries like Italy reach 58 days of inventories, with a lower demand than that of Mexico, which today is of 1.37 million barrels per day of oil products.

Roberto Díaz de León, a gas station businessman from San Luis Potosí who left the presidency of the National Organization of Petroleum Distributors (Onexpo) a few days ago, explained that there are 14 private fuel storage projects in the country. All in different stages of maturity, some already in operation and others under construction, but all of them have valid permits, the capital for their construction and in some cases even clients or partners who will use their new capacity, which together is 11 million additional barrels to what existed when the activity was opened to private parties.

“When this is developed, the benefit is obviously going to be for businessmen, but also for self-sufficiency and energy security,” he said.

During the Onexpo 2022 Convention, in Mérida, Yucatán, the new president of the body that brings together gas station entrepreneurs from the 32 entities, Jorge Eduardo Mijares, in turn asked the authorities, particularly the Energy Regulatory Commission (CRE) to help in these efforts by streamlining the granting of permits for all activities in the sector.

Among the pending projects is Proyecto Caoba in Tuxpan with an investment of 800 million dollars, owned by Sierra Oil and Gas, TC Energía México and Grupo TMM, which includes the construction of a maritime terminal in Tuxpan and its connection to the product pipeline. refined Tuxpan-Tula.

Santiago Arroyo, expert energy consultant at Ursus Energy, explained to El Economista that even with these advances it will be necessary to see if all these projects are completed and if they are convenient not only for the region where they are established but for the entire country.

He recalled that it is not in the current administration but from before, although now with regulatory decisions that delay the start-ups, that the projects are announced and later the market conditions change and even with the start of works they are suspended.

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