Andrés Manuel López Obrador (AMLO), President of Mexico, has rejected Energy Reform and the oil rounds. He criticized the contracts signed in past auctions, but his government is benefiting from these processes.
Energy Reform allowed the entry of new players to the Mexican oil sector, but authorities awarded the best areas to Pemex in Round Zero anyway. The NOC promised to make large investments in these blocks, but the time is running out to achieve them.
The possible development of unconventional projects has generated controversy in the country due to the concerns about these techniques. Andrés Manuel López Obrador (AMLO) has ruled out the implementation of fracking in Mexico. However, the Secretary of Energy (Sener) published its five-year plan, increasing the areas available for these projects.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, continues to announce measures to solve the financial and operational crisis of Pemex. Octavio Romero Oropeza, CEO of Pemex, spoke about the awarding of new oil contracts.