Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country's oil regulator showed.
for violating its own pledges for the development of the Ixachi and Quesqui fields.
Mexico - the world's eighth-biggest gas flarer - is under increasing pressure, including from the United States, to cut the practice and methane emissions. That is the equivalent of 31% of the total amount of gas produced from the field, and 1.3% of total condensate, according to Reuters calculations.
Lopez Obrador declared early on in his presidency that Ixachi and Quesqui formed part of 17 new priority fields expected to dramatically boost national production as part of a wider effort to make the country energy independent. In Ixachi, the destruction of value from burning off condensate was more than $21 million in three years; in Quesqui, it was almost $8 million in two years, the documents show.
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