The National Hydrocarbons Commission (CNH) has made several auctions with great success and one of the most attractive was Round 1.4. The CNH approved several exploration programs for the winning companies of this auction, committing large investments for the coming years.
Some proposals on the sector by presidential candidates have generated many concerns among investors and companies. Associations of the Mexican energy sector sent a letter to the presidential candidates.
The Federal Government wants to promote the development of several oil projects around the country and unconventional ones are some of the most attractive onshore, but these projects also generate a lot of controversy. Alberto de la Fuente, President of Shell in Mexico, spoke about this possibility and the company’s plans for the country.
Pemex has significantly increased its dependence on imports of refined-products due to the operational and financial problems in its refineries. Pemex Board of Directors made a report on the effects of this situation.