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Fiscal income are less dependent on Oil

During the first half of the year, the Mexican state received MXN$314B in revenues from tax collection to the oil industry, according to the Ministry of Finance and Public Credit (SHCP). This figure represented only 13.5% of state spending, something that had never been seen in Mexico.

Wednesday, August 31st, 2016
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Mexican Economy contracted

The Mexico´s economy contracted in the second quarter of 2016. It is the first drop in the last three years. According to CNN Español, the Gross Domestic Product (GDP) contracted 0.2% compared to previous period. This contraction was the first since 2Q13.

Tuesday, August 30th, 2016
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Pemex difficult financial situation

Pemex difficult financial situation

The state-oil company is facing a difficult financial situation aggravated by the oil crisis of recent years. According to a report in Zocalo, Pemex´s external auditors believe that the oil firm does not have the ability to continue as a business, if the operating losses continues.

Tuesday, August 30th, 2016
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The energy sector needs to train technicians and specialists

The Energy Reform seeks to make big changes in the country. To do it, the government estimates that it is necessary to train 135 thousand technicians and specialists.

Monday, August 29th, 2016
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Market value of LPG in México

In recent weeks, it has been discussed pretty much about the market Liquefied Petroleum Gas (LPG). There is a dispute between the government and gas distributors because the decision to decrease the maximum price of this hydrocarbon.

Monday, August 29th, 2016
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Foreign Direct Investment in Energy Sector grows

Foreign Direct Investment (FDI) during the first half of 2016 increased 93% compared to the same period last year.

Friday, August 26th, 2016
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Government refutes gas distributors

After the reduction announcement to the price of Liquefied Petroleum Gas (LPG), some suppliers threatened that they would stop importing some of the domestic demand volume. It could create a shortage.

Friday, August 26th, 2016
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Pemex’s current situation could get worse

The continuing decline in production could aggravated Pemex´s financial situation. According to a report in El Financiero, the company production could fall to 1.6mmbbl in 2020, due to the company does not have the resources or technology to modernize the oldest fields.

Thursday, August 25th, 2016
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Few Private equity firms are looking to invest in Latin American oil sector

Only 26% of 100 operational managers and private equity firms worldwide (who have invested in oil during the last two years), showed interest to invest in the next 12 to 24 months, in the Latin America oil sector, according to a survey of the consulting agency Ernst & Young (EY).

Thursday, August 25th, 2016
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Pemex is close to 100 thousand pensioners

Pemex is close to 100 thousand pensioners

The oil company reported 97.474 retirees during 2015, representing a 12% increase compared to previous year, according to the sustainability report 2015. The graph shows the pensioners distribution over the past 5 years.

Wednesday, August 24th, 2016
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