Foreign investors met with president Andrés Manuel López Obrador (AMLO) to discuss production metrics and future investments, among others.
Enrique Peña Nieto (EPN), former President of Mexico, promoted Energy Reform with the promise of reactivating oil production in a short time. His government made three Rounds signing several contracts, but few agreements have given results so far.
Pemex’s directives and members of the Ministry of Finance (SHCP) visited Wall Street to talk about their plans for this year. Investors were not impressed.
The company spoke about its plans for 2019, highlighting investments in Mexico.
The winning companies of the past rounds are working to develope their projects in Mexico as soon as possible. The National Hydrocarbons Commission (CNH) ruled on Newpek’s plans.
Proposals and plans of Andres Manuel Lopez Obrador (AMLO), president of Mexico, have generated uncertainty in the oil sector. However, some oil companies have shown their confidence in the country, despite this situation. Josu Jon Imaz, Executive Director of Repsol (MSE: REP), spoke about the company’s perspectives for Mexico.
After facing constant declines in production levels, Pemex managed to significantly increase its drilling metrics, adding to the plans of Italy’s ENI to increase its production in Mexico.
Andres Manuel Lopez Obrador (AMLO) has shown his dissatisfaction with the results of foreign investment in the oil sector. However, a large part of the committed investment will be developed during his term as president.
Andres Manuel Lopez Obrador (AMLO) wants to reactivate the metrics of the refining sector quickly, awakening the interest of several investors and companies. Oscar Scolari Romero, CEO of Rengen, spoke about the firm’s plans in this sector.
Energy Reform has brought countless benefits for the Mexican economy. However, small companies in southern Tamaulipas are complaining about the reform not being fair for all.
2019, Hydrocarbons Mexico, All Rights Reserved.
