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New Collective Labor Agreement

Pemex and President Lopez Obrador signed the Mexican Republic Oil Workers Union’s (STPRM) new Collective Labor Agreement, leaving a bitter sweet feeling among Mexicans. These and other stories in our periodic summary of labor-related issues.

Tuesday, August 13th, 2019
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Pemex is close to losing the Round Zero fields

Pemex is close to losing the Round Zero fields

Energy Reform allowed the entry of new players to the Mexican oil sector, but authorities awarded the best areas to Pemex in Round Zero anyway. The NOC promised to make large investments in these blocks, but the time is running out to achieve them.

Monday, August 12th, 2019
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IIF on Pemex’s plan

Mexico would need more ‘fiscal cuts’, if Pemex’s Business Plan does not meet its goals, the International Institute of Finance (IIF) said.

Monday, August 12th, 2019
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Fuel oil new headache for Pemex?

Pemex is facing a difficult situation in operational and financial terms, and it seems like bad news continues for NOC. Fuel oil could be a new problem for the firm.

Monday, August 12th, 2019
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Pemex sends positive signal to markets

Pemex sends positive signal to markets

Pemex announced its business plan for the next years, generating few positive expectations in the markets. However, the NOC announced a decision on a deep-water offshore project, sending a positive message to investors.

Thursday, August 8th, 2019
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Pemex’s challenges

The NOC’s 2019-2024 Business Plan promises to turn it into Mexico’s largest fertilizer producer. This aspect, however, might prove to be a stumbling block in President Andrés Manuel López Obrador’s (AMLO) plan.

 

Thursday, August 8th, 2019
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“We reduced oil theft by 93%”: Romero

Pemex CEO, Octavio Romero, spoke about the alleged progress his team has achieved this year, but figures show the opposite. The development of these and other stories in our periodic Security summary.

 

Thursday, August 8th, 2019
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Pemex to invest in Ku field

Pemex to invest in Ku field

The Mexican government has taken several measures to solve the Pemex crisis and increase investment levels in key fields. The National Hydrocarbons Commission (CNH) said that the NOC will invest in one of the most important blocks in Mexico.

Wednesday, August 7th, 2019
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Xanab loses production

Xanab, one of Pemex’s most valuable assets, has been losing production consistently for the past years. Here are the details.

Wednesday, August 7th, 2019
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Pemex risks its credit rating

The Mexican government and Pemex announced the company business plan for the coming years, but this document generated more doubts than tranquility. IHS Markit spoke about the risks that NOC is taking with its plans.

Wednesday, August 7th, 2019
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