US oil companies such as Riverstone Holdings LLC want to take advantage of Mexico’s oil market recent liberalization hoping that issues such as the drop of the Mexican peso will not have a negative impact on the business.
Holland’s Vito Energy will build a pipeline that will connect Poza Rica, in Veracruz, with the Tula Hidalgo refinery, as announced by its general director Luis Roca.
The Mexican Government wants to take advantage of the Gulf of Mexico’s resources. For that reason it created the Energy Reform and opened the hydrocarbons sector to free competition.
General Director of PMI International Commerce, Isaac Volin announced that Pemex began to sell Mayan heavy crude to refiners on the West Coast of the United States. This had not happened since 2008.
José Antonio Gonzáles Anaya, Pemex’s Director said that the NOC’s infrastructure to develop its logistics is under-invested. He explained the consequences that this brings for both the company and Mexico.