• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Pemex’s Deer Park oil refinery scales back operations after fatal accident

by October 12, 2024
written by October 12, 2024

MEXICO CITY/HOUSTON (Reuters) -Pemex’s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, Mexico’s national oil company said in a statement late on Friday.

The state-owned oil company said it is continuing to investigate the cause of Thursday’s hydrogen sulfide gas leak that killed two contract workers while injuring 35 others during work on a unit at the 312,500-barrel-per-day (bpd) refinery.

Work was underway on a sulfur recovery unit at the time, according to people familiar with the matter.

Pemex management has operated the facility for nearly three years.

The facility is a major motor fuels supplier to Mexico, where the ruling party has sought to reduce reliance on gasoline and diesel imports from non-Pemex refiners in a push to be more energy self-sufficient.

On Friday, Pemex’s CEO Victor Rodriguez said that thirteen workers remained hospitalized after being exposed to the leak, while Mexico’s energy minister said she expected the facility to be back to normal operations later on Friday.

But the company walked back that expectation with its latest statement.

“The refinery continues to operate in stable conditions at a low level, a level that will be kept in place during the weekend as long as it’s possible to have access to the areas to carry out the corresponding inspections,” the company said in its Friday night statement.

Rodriguez, who took over earlier this month, noted on Friday that three or four units had been shut at the refinery following the incident.

The U.S. Chemical Safety and Hazard Investigation Board (CSB), which investigates industrial accidents and makes recommendations to prevent future incidents, also has begun a probe of what it described as a “very serious incident.”

Deer Park for decades was operated by oil major Shell (LON:SHEL), but Pemex took full ownership of the refinery in early 2022, acquiring Shell’s 50% stake in what had been a long-standing joint venture.

In 2021, Shell disclosed that it sold its interest in Deer Park to Pemex for some $596 million.

Pemex’s domestic refineries have for years suffered a series of accidents, including explosions and fires, that have caused deaths in Mexico.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Hundreds of Hilton hotel workers walk off the job in Seattle
next post
Analysis-China’s stimulus message leaves investors wanting though hanging onto hope

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • German unemployment rises more than expected in October, labour office says
    • Kennedy would keep legal fees from Merck cases if confirmed

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy