Mexican Crude Oil

Product Description

Greetings, 

Our Toronto Group is 1 of the only 5 companies authorized to distribute Pemex Crude oil. Buyer cannot buy it by directly walking to Pemex, however, buyer is welcome to do a site visit and meet us at Pemex to verify everything if desired, but it's not mandatory. 

FOB or CIF basis on production contract only. 

Pemex has 4 types of crude oil, and can custom make any specifications required by buyers. The 4 types are described below. 

Procedures: 
1) Buyer submits LOI/PO (LOI Template attached) Must be end buyer as DD will be performed by Pemex. 
2) Buyer signs IMFPA-NCNDA if applicable 
3) Buyers LOI is submitted to the chief lawyer at PEMEX Headquarters in Mexico City. 
4) PEMEX notifies us when Buyer LOI/PO is accepted (usually within **3 weeks) PEMEX then drafts a Sales & Purchase Agreement (SPA) Contract, usually only **3 pages. We will discuss the draft SPA-Contract with Buyer and arrange for updates/changes; then we will schedules face-to-face meeting at PEMEX Headquarters to finalize the SPA-Contract. 


Types of crude oil: 
MAYA is a heavy (****2 °API gravity) and sour (3.4% sulfur content by weight) crude oil, which produces lower yields of gasoline and diesel in simple refineries when compared to lighter crudes. In order to maximize the economic value of this type of crude oil, its processing requires refineries with high conversion units which transform the crude heavy fractions (residue) into products with a higher value. 

ISTHMUS is a medium (****3 °API gravity) and sour (1.8% sulfur content by weight) crude oil, with good gasoline and intermediate distillates (diesel and jet fuel/kerosene) yields. The highest economic value of this crude is obtained in refineries with FCC (Fluid Catalytic Cracker) units. Its quality is similar to Arab light crude and Russian Urals crude. 

OLMECA is the lightest of the Mexican crude oils (****9 °API gravity) and sour (0.*3% - 0.*5% sulfur content by weight). Its characteristics make it a good feedstock for lubricants and petrochemicals. 

ALTAMIRA is a heavy (*5.***6.5 °API gravity) and sour (5.5% - 6.0% sulfur content by weight) crude oil. As with Maya crude, Altamira has lower gasoline and diesel yields in simple refining schemes compared to lighter crude oils. Its physical properties make it appropriate for asphalt production. 



Thank you! 
Joan M Kivanda 
Director of Operations