Refineries are taking more than they give. Capacity utilization at Pemex's refineries decreased to 66% from 77% since 2010, and output of petroleum products fell from 1.203 to 1.092 million barrels per day in the same period (Spanish). Meanwhile, investment in refineries increased 58% in the same period, to almost MXN51bn from more than MXN32bn (Spanish).

 

Pemex's reserves are down by a quarter... Last year, Pemex proved reserves were 22% lower than in 2014, totaling 7.977 billion barrels (Spanish). The 120 million barrels of oil equivalent of proven reserves added last year did not compensate for the oil that was produced and the drop in  development in 2015 (English).

 

…and they lost half their value. The reserves suffered a loss of almost US$218.8bn in value due to the decline of oil prices and the reduced volume of reserves (Spanish). The economic value of the proved oil reserves was US$429.1bn in 2015.

 

Aura Solar has been off for 20 months. Mexico’s biggest solar energy park, located in La Paz, Baja California Sur, has not operated since September 2014 after suffering damages from hurricane Odile (Spanish). The hurricane affected 132,000 photovoltaic panels and it is not known if the plant can generate power again.

 

 

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