Thursday, March 4th, 2021
This time for real? A number of stories have accumulated pointing to a severe financial crisis in Pemex. Maybe the press is just figuring it out or maybe something real is happening.
While we devoted our usual space to the problems of Pemex and CNH approvals of investment plans, this month was dominated by two related stories: the ‘Great Texas Blackout’ and its consequences for northern and even central Mexico and Andrés Manuel López Obrador’s grand ‘Counter-Reformation’ of the electrical industry.
From one dysfunctional NOC to another; Pemex spent MXN 3.4B on infrastructure in Tamaulipas during 2020; and More complaints in Oaxaca that Pemex is not paying its bills
Pemex oil production rose in 2020; IEnova had a flat bottom-line 2020; and Cengas lifted all restrictions on gas usage.
Ruíz Alarcón calls for gas strategy; CFE anticipated the gas shortage; and NRGI questions Mexican government’s plan to save Pemex
Another article saying Octavio Romero is out at Pemex; Industry association of State of Mexico pleads for clarity on gas; and Mexico has potential to attract foreign investment in renewables but…
Continued economic repercussions of the “Texas blackout”; Pemex gets another handout; and NOC gets approval for Tekuani-1EXP plans
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