Mexico ranks third-largest exporter of crude oil to U.S.
15/05/2013 341
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HOUSTON, May 13 (Xinhua) -- Mexico was the third largest exporter of crude oil to the United States, behind only Canada and Saudi Arabia, a U.S. government report said Monday.
Energy trade between Mexico and the United States topped 65 billion U.S. dollars in 2012, accounting for 13 percent of the 494 billion dollars in the two countries' overall trade, according to the report by the U.S. Energy Information Administration.
Crude oil and petroleum products accounted for most of bilateral energy trade, said the report, noting that crude oil from Mexico made up 11.4 percent of all U.S. crude oil imports.
Refineries in the United States process significant amounts of imported Mexican heavy crude oil, some of which is re-exported to Mexico as lighter grade products, such as gasoline and diesel fuel.
Mexico was the ninth largest supplier of oil in the world in 2012 and was the third-largest oil supplier in the Western Hemisphere, according to the report.
May 13, 2013
Source: Xinhua
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