Mexico’s oil industry continues to suffer problems with low oil prices. Thousands of people have lost their jobs. The Mexican government has created plans to address this situation but they have not been enough.
The continued drop in oil and natural gas production has caused supply shortages in the Mexican chemical sector, according to a report in El Mañana.
The Mexican President, Enrique Peña Nieto said the State-Company would release an aggressive business plan for 2017 in coming weeks. This plan aims to turn Pemex into a viable and profitable company.
If the authorities approve the Draft Federal Expenditure, Pemex could run out of budget to work in the Gulf of Mexico next year, according to a report in Entorno Inteligente.
The Energy reform will allow full liberalization of the gas market in Mexico. Business groups of gasoline are formalizing agreements to create their own brands, according to El Sol de México. They also want to create sales schemes across the whole logistics chain of fuels.
The State-Company is seeking to refinance a US$250M. It could cost 1% higher than current interest rate, according to a report in El Financiero. An anonymous person, who is working in the operation, gave the information.