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.
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.
Renaissance Oil Corp. (TSX-V: ROE) announced its third quarter 2018 results. The company reported record revenue and operating netback. The firm highlighted advancement in the development of its projects in the country.