Pemex is facing difficult times in many metrics. Its gas production has been decreasing in recent years and the outlook is negative for coming years. Pemex was present at the Mexican oil congress 2017 and talked about this issue.
Despite efforts to fight oil theft, last year the NOC recovered 45% less fuel than in 2013, and clandestine taps tripled during that period. The development of these and other stories in our periodic Security Summary.
Mexico is increasing is dependence on natural gas imports because Pemex is unable to increaseits gas production and supply the country. Private importers are leveraging this situation to gain a good market share in the sector.
Pemex is implementing a strategy of partnerships with private companies to boost the development of the sector and begin to recover its financial and operational metrics. AkzoNobel is interested in working with the NOC.
The Mexican oil industry is expanding and planning large onshore and offshore projects around the country. There is a lot of expectation for the results that this can generate, but communities are worried about possible consequences