New Horizons: Creating Business Opportunities through Collaboration and Innovation PEMEX Investor Day New York – December 4, 2014 José Manuel Carrera Panizzo CEO - PMI Content PMI Foreing Trade Logistics Infrastructure Projects Strategic Projects 1 Foreign Trade Crude Oil Volume Mbd 1,705 1,844 1,870 1,817 1,793 1,686 1,403 1,222 1,361 1,338 1,256 1,189 Reduction in crude oil exports since 2004 Increasing proportion of heavy crude oil Petroleum Products Volume Mbd 462 432 467 612 652 Petrochemical Products Volume Million Tons 1.6 1.4 1.3 1.4 1.3 2002 2003 2004 2005 2006 777 1.3 2007 884 1.1 2008 894 1.4 2009 927 1.1 2010 886 781 696 1.8 1.7 Petrochemicals trading remained stable 0.7 2011 Important growth of petroleum products trading since 2003,, especially clean products 2012 has 2013 2 Onshore Transportation Import / Export locations in Mexico Rosarito Location Import Export Import/Export Ciudad Juárez Tank truck Rail car Container Rosarito Cd. Juárez Piedras Negras Nuevo Laredo Piedras Negras Nuevo Laredo Reynosa Matamoros Reynosa Matamoros Veracruz L. Cárdenas Manzanillo Veracruz Manzanillo Number of units used for on-shore transportation Thousands 129 106 83 70 70 44 Cárdenas 2006 Note: Includes petroleum products and petrochemicals. 2007 2008 2009 2010 2011 89 88 2012 2013 Marine Transportation Rosarito Import Export Import/Export Number of Operating Vessels1 1,756 1,855 2007 2008 1,922 1,470 1,608 1,711 2010 2011 1,858 1,641 Guaymas Topolobampo 2006 Mazatlán San Carlos Cd. Madero Altamira La Paz Progreso Tuxpan Manzanillo Veracruz Pajaritos L. Cárdenas Salina Cruz 1 Includes vessels used for imports and exports. Lerma 2009 2012 2013 Logistics: Shipping Map 2013 Purchases / Sales Third Party Europe West USA East USA Central, South America and the Caribbean Far East Infrastructure Projects PMI develops infrastructure projects to support its trading activity and enhance flexibility of PEMEX’s foreign trading activities. PMI has developed the following projects: A Matamoros – Brownsville pipeline (2004) • 10’’ diameter and 17 miles long P.M.I. SUS • Used for gasoline imports ( 910 Mb per month) B E C D A P.M.I. SUS B PMI El paso terminal (2010) • Gasoline storage tanks with total capacity of 180 Mb. C Frontera Juárez pipeline (2010) • 10’’ diameter and 48 miles long • Used for gasoline imports (530 Mb per month) D Frontera Brownsville terminal (2011) • Clean products storage tanks with total capacity of 1.5 MMb E Texas Frontera Terminal (2012) • Gasoline storage tanks with total capacity of 840 Mb Strategic Projects PMI established alliances to enhance PEMEX operations: Deer Park Refining Limited Partnership (1993): - Joint venture between Shell Oil and PMI North - America. Deer Park is the sixth largest refinery in the US, with a total distillation capacity of 340 Mbd Vessels (2012): - PMI has acquired 10 vessels during the last 2 years for PEMEX’s downstream activities Strategic New Projects Norte Nustar Los Ramones II Astillero Keppel Astillero Hijos de J Barreras Manzanillo Peninsular Golfo-Centro Singapur Solidificadora de Azufre Lázaro Cardenas Cinturón Transoceánico Fertilizantes Cozumel Investor Relations (+52 55) 1944-9700 [email protected] www.ri.pemex.com