Monday, November 12th, 2018
Pemex has reported poor operational metrics in the refining sector, especially in fuel production. The NOC’s revenues had reported a good performance, thanks to the increase in prices, but the trend is changing.
The Pemex refining crisis is affecting several sectors in Mexico and the company has not yet announced a strategy to solve it in the short term. The jet fuel market is increasing is dependence on imports due to Pemex ‘s lack of capacity to serve local demand.
AMLO will receive a country with unstable finances and poor oil production. Fitch explains how decisions from the new government can impact Mexico’s rating.
Pemex is facing a difficult economic and operational situation, but these are not the only headaches of the company. Leaks in its pipelines are becoming a serious problem for Pemex.
Through a statement, Mexico’s Zapatista Indigenous Agrarian Movement (MAIZ) denounced that social issues in the community of San Juan Jaltepec (Oaxaca) are linked to the development of hydrocarbons industry projects.
The lack of infrastructure in the energy sector is one of the most important challenges to overcome in Mexico since the opening of the market. Mexican authorities have awarded several infrastructure projects in recent years and companies continue to bring good news on this topic.
AMLO announced the areas where he will allocate investments as of next year. Here are the details.
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