Pemex revenues from U.S. sales soar 52.7 percent

Washington (Notimex) – Mexican oil firm Pemex saw its revenues from sales to the U.S. market grow by 52.7 percent in the first quarter, compared with the same period last year, according to the U.S. Department of Commerce.

Pemex exported 50.3 million barrels of crude in the period.

The figure maintains Mexico as the fourth largest supplier of crude to the U.S. by volume, after Canada, Saudi Arabia and Venezuela.

The growth in oil exports also helped boost the total bilateral trade figures in the period.

Bilateral trade between Mexico and the U.S. grew 6.4 percent to $134.1 billion from January to March, compared with the same period a year before.

Photo: Pemex/Notimex