Oil and gas company PEMEX announced its unaudited consolidated financial results as of March 31, 2006.
- Total sales increased 19 percent, as compared to the first quarter of 2005, reaching Ps. 241.4 billion (US$22.2 billion)2
- Income before taxes and duties increased 21 percent, as compared to the first quarter of 2005, to Ps. 150.2 billion (US$13.8 billion)
- Net income was Ps. 7.8 billion (US$0.7 billion)
- Total liquid hydrocarbons production totaled 3,784 Mbd, 1 percent more than the production in the first quarter of 2005:
• Crude oil production increased 29 Mbd, to 3,345 Mbd • Natural gas liquids production increased by 0.3 percent to 439 Mbd
- Natural gas production rose 10 percent to 5,094 million cubic feet per day (MMcfd): - Gas flaring represented 3.2 percent of total natural gas production - Crude oil exports averaged 2,003 Mbd, 8 percent higher than the volume registered during the first quarter of 2005
During the first quarter of 2006 crude oil production averaged 3,345 Mbd, 1 percent higher than the 3,316 Mbd average for the first quarter of 2005. Despite the 1 percent decrease in heavy crude oil production, light and extra-light crude oil production increased 2 percent and 38 percent, respectively.
Petrochemicals exports decreased by 6 percent, or 13 Mt, totaling 206 Mt for the quarter. This was attributable to higher availability of ethane derivatives, propane and aromatics.
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