President Andres Manuel Lopez Obrador (AMLO) is betting on refining as a strategy to face the current crisis, yet Pemex keeps showing negative results in this segment.
Pemex reported figures of its oil theft expenses for the first quarter of 2020.
The Institutional Revolutionary Party (PRI) called on the government to ‘adjust’ Pemex’s Business Plan to the current crisis.
Pemex announced its financial and operational results for the first quarter of 2020, reporting a historic net loss.
The increase in refining activities that the Mexican government is seeking represents a risk to Pemex’s profitability, HR Ratings said.
This is how Pemex is planning to face its storage issues.
One of the main bets of President Andres Manuel Lopez Obrador (AMLO) is the development of priority fields to increase oil production. These areas, however, are not progressing according to the plan.
Pemex has 42 ships that come from the US loaded with gasoline and diesel, awaiting to be unloaded at storage terminals in the ports of Tuxpan, Coatzacoalcos and Tampico.
The Propano Transforma Foundation called distributors to join a strategy to help Mexican families affected by the Covid-19 pandemic.
The National Hydrocarbons Commission (CNH) reported oil production in Mexico, announcing a slight recovery during March 2020.
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