Tuesday, September 18th, 2018
The Mexican Association of Hydrocarbon Companies (Amexhi) projected oil production behavior in Mexico, with negative results. The Association talked about Andres Manuel Lopez Obrador’s (AMLO) plans in the sector, their viability and new participants’ role in the sector.
Petroleum Consortium 5M del Golfo, a small energy firm operating in Mexico, requested the National Hydrocarbons Commission (CNH) to reduce the size of an onshore area won in 2015.
The president elect spoke about his plans for Mexico and Pemex, emphasizing that he will ‘make Mexico great again’, but if something goes wrong, will not be his responsibility.
Francisco García Cabeza de Vaca, Governor of the State of Tamaulipas, asked entrepreneurs from Texas to invest in Mexico.
Juan Miguel Alcántara, former Executive Secretary of the National Public Security System, blamed Pemex’s former CEO, Emilio Lozoya, for the increase in fuel theft at the NOC. The development of these and other stories in our periodic Security summary.
Pemex’s operational crisis has forced it to increase imports to serve the local market, affecting its finances. This has led to a substantial increase in Pemex’s deficit, but the firm has a plan to reduce it and has set a challenging goal for 2018.
Election of Andres Manuel Lopez Obrador (AMLO) as next president of Mexico has generated much concern among investors due to his proposals about the sector. Energy Reform and its future with AMLO as president has been one of the discussion main topics in recent months.
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