March 22, 2013 / 10:36 PM / 5 years ago

UPDATE 1-Mexico's Pemex says output, exports dip in Feb

MEXICO CITY, March 22 (Reuters) - Mexico state oil monopoly Pemex said Friday that February crude oil production and exports were down, compared with the previous month.

Pemex produced 2.555 million barrels per day (bpd) of crude oil in February, a slight decrease of 0.3 percent, compared with the previously month.

Meanwhile, crude exports in February averaged 1.22 million per day, down 5.4 percent, compared with January shipments.

Mexico is the world’s No. 7 oil producer and a major exporter to the United States, but has to import nearly half of its gasoline due to a lack of domestic refining capacity.

Oil output has fallen by more that a quarter from a 3.4 million bpd peak in 2004.

President Enrique Pena Nieto, who took office in December, plans to overhaul the company by luring more private investment and boosting production.

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