Mexico private imports at 27.78% of total share Increased Pemex production not enough to meet demand Private imports to grow along with storage in 2020 Houston — Growing infrastructure investments and a domestic supply shortfall have led to a significant increase for private fuel imports to Mexico in 2019, a trend that will likely continue into 2020. While Pemex, Mexico’s state-owned oil company, still dominates the country’s market, third-party companies have slowly increased their footprint since the first private imports arrived in 2016. Refined product imports to Mexico by private companies reached a record high share of 32.69% in July, compared to 15.45% the same month in 2018 and 13.04% in 2017, according to data from the country’s energy ministry. The third-party share was 27.78% in September, the latest month for which data was available. An increase in ULSD imports, which has been the main focus of private […]