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Irregularities in Pemex’s gasoline import scheme

The government is currently investigating Pemex’s gasoline import scheme, controlled by subsidiary PMI Trading since 1992. The development of these and more stories in our periodic Retail summary.

Monday, June 17th, 2019
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Farm-outs are critical for Pemex

Farm-outs are critical for Pemex

Fitch Ratings lowered Pemex’s credit rating, taking away its investment grade. Here is what experts said.

Thursday, June 13th, 2019
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Analysts on Pemex rating

Analysts from the Pantheon Macroeconomics and Eurasia Group consultancy said what they consider the government should do to increase Pemex rating.

 

Thursday, June 13th, 2019
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AMLO’s confusing statements

President Andres Manuel Lopez Obrador (AMLO) said that his government was able to stabilize Pemex, yet said fuel that prices will only drop once the NOC is in a ‘good place’.

 

Thursday, June 13th, 2019
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Pemex needs private investment

Pemex needs private investment

President Andres Manuel Lopez Obrador (AMLO) believes that Pemex can solve its crisis on its own, with help from the government. However, Alfonso Romo, Head of the Presidential Office, said that the NOC needs more than that.

Wednesday, June 12th, 2019
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Mexico’s oil hedge, at risk?

Mexico usually buys US$1B worth of financial positions to protect its oil revenues from price fluctuation. The operation has been slowing down this year.

 

Wednesday, June 12th, 2019
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Norwegian investors and Pemex

CEO Octavio Romero met with a delegation of Norwegian investors. They talked about key issues such as investment strategies, exploration and production.

Wednesday, June 12th, 2019
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CNH on the Kambesah field

CNH on the Kambesah field

Pemex presented modifications to the development plan of the Kambesah field. This is what the National Hydrocarbons Commission (CNH) had to say about it.

Tuesday, June 11th, 2019
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Banxico on Pemex rating

Fitch recently changed the NOC’s rating from “BBB-” to “BB +.” Here is what Jonathan Heath, sub-director of Mexico’s Central Bank (Banxico), has to say about it.

 

Tuesday, June 11th, 2019
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Elizondo on Pemex’s moves

Former Pemex counselor, Carlos Elizondo, said that the company must allocate its resources to E&P, not to purchase of companies, as it did with AgroNitrogenados back in 2013.

 

Tuesday, June 11th, 2019
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