Market liberalization in Energy Sector Continues, and now it is time for Natural Gas. Pemex has up to four years to give to private companies 70% of the Natural Gas commercialization.
Pemex and the Oil Workers Union of the Mexican Republic (STPRM) arranged a 3.17% salary increase. This new agreement was made within the framework of the 2016 salary review, the social benefits also increased.
Renaissance Oil, which feels proud to be the first private company to extract oil in Mexico after 70 years, considers that the royalty fee structure that it will pay to the state for oil production in the three blocks acquired in the Round One, generates too much pressure on the investments required to extract oil at great depths.
Pemex under José Antonio González Anaya seeks to continue opening to the world and, for the first time in the state-oil company’s history, is looking to join forces with foreign partners to explore oil both deep water fields and onshore.
Being one of the five persons who advise Petróleos Mexicanos (Pemex) is a great benefit for their pockets. According to El Universal, during the past fifteen months, Pemex’s disbursed around MXN$ 14.4 million (Approx. US$ 791.1 thousand) to the Independent Directors for their services.