Pemex may import more US crude after Bakken tender Mexico targets new refining capacity to curb oil product imports Lopez Obrador expected to press for more upstream investment Washington — Mexico depends too heavily on US oil and gas imports, an energy adviser to President-Elect Andres Manuel Lopez Obrador said Thursday while outlining the country’s plans to build new refining capacity and take stock of its nascent energy reforms. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Fluvio Ruiz Alarcon, a former board member of state-run Pemex and one of the developers of Lopez Obrado’s energy policy, said Mexico depends on imports for as much as 70% of its oil product demand and more than 90% of natural gas consumption. “We cannot have this dependence level,” he said during the Inter-American Dialogue’s Latin American energy conference in Washington, DC. “It is in this logic […]