The Mexican government together with private sectors has made a big investment to start more than 73 projects in the southern part of the country. However, government officials have shown their dissatisfaction towards the plan.
The election of Donald Trump as president of the United States has generated much debate and concerns. Some positions of the elect president could affect Mexico, but local politicians want to send a message of tranquility to the different economic sectors and the population.
The National Chamber of the Transformation Industry (Canacintra) demanded Pemex Industrial Transformation (PTI) and Pemex Etileno to release their budget and provide maintenance services for its plants in Cangrejera and Morelos petrochemical complexes.
Municipalities of southern Veracruz filed for bankruptcy because of the lack of federal fund payments which led them to close all municipal offices and suspended their services.
Veracruz has been one of the most affected States by low oil prices. The zone is facing an economic crisis because of this. The mayors of municipalities argue that the situation has been tougher due to the Veracruz State government´s irresponsibility.
Omar Ricárdez Chong, Mayor of Moloacán, wants to move oil-workers from Villa Cuichapa next December. On this date, the Oil-Company Lifting will start operating. The firm has a contract to drill for the next thirty years.
Companies that obtained contracts in Round 1 have great challenges to face in the Mexican hydrocarbons sector. They reach a market that had a monopoly of decades and every change is tough to face.
Mexico’s Energy Reform achieved a milestone this week; for the first time, Argentina-based Pan American Energy (PAE) — a non-Pemex operator– started to drill in the Hokchi-2 well.