Andres Manuel Lopez Obrador (AMLO) wants to recover Pemex’s metrics quickly, and he has showed his confidence in the NOC’s short-term performance. The Ministry of Finance and Public Credit (SHCP) announced oil production and export expectations for 2020.
Carlos Romero Deschamps, the controversial leader of Pemex’s Mexican Republic Oil Workers Union (STPRM) since 1993, now has competition. Here are the details. These and other stories in our periodic summary of labor-related issues.
Aside from dealing with financial issues, the NOC is now faced with the ‘anger of communities’, who argue that the firm has not complied with its social responsibilities in rural areas. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
President Andrés Manuel Lopez Obrador (AMLO) said that the neoliberal policies implemented by previous administrations negatively affected the industry, but called on Mexicans not to worry about it because he came to ‘save Pemex.’
The government of Andrés Manuel López Obrador (AMLO) has proposed reactivating the energy sector due to the country’s great potential in this area. However, the announced plans have not convinced the market, creating concerns about the industry’s future.
Pemex reported its production for February 2019, and it started to recover some of the lost ground in previous years. In addition, Chevron (NYSE: CVX) talked about the fuel market future with the new government and its plans in the country.