UPDATE 2-Mexico's Pemex 3rd-qtr loss widens on lower crude output, prices

viernes 24 de octubre de 2014 13:07 GYT
 

(Adds quote, details on export volumes, output, taxes and 2015 debt)

By David Alire Garcia

MEXICO CITY Oct 24 (Reuters) - Mexico's state-owned oil company Pemex reported a much deeper third quarter loss on falling crude output and prices, the company said on Friday in a filing with the Mexican stock exchange.

Pemex said its quarterly loss totaled 59.65 billion pesos ($4.44 billion) during the July to September period, compared with a year earlier loss of 39.14 billion pesos ($2.98 billion).

The company reported third-quarter revenues of 406.5 billion pesos for the quarter, down 0.7 percent compared with same period last year, due mostly to fewer crude and condensate exports.

Crude export volumes were down 7.6 percent to 1.096 million barrels per day (bpd).

Higher interest payments and foreign exchange losses also weighed.

Pemex's crude oil production was down 4.3 percent during the quarter to 2.398 million barrels per day (bpd), compared with 2.506 million bpd during the third quarter of 2013.

The drop in output was mostly due to a 9.4 percent drop in the production of heavy crude.   Continuación...