Andres Manuel Lopez Obrador (AMLO), President of Mexico, plans to recover the metrics of the energy sector quickly, and the refining sector plays a key role in this process. Pemex reported its refining production in May this year, showing a recovery in this metric in recent months, but insufficient to meet its goals.
The government is currently investigating Pemex’s gasoline import scheme, controlled by subsidiary PMI Trading since 1992. The development of these and more stories in our periodic Retail summary.
The government of Andres Manuel Lopez Obrador (AMLO) continues to insist on the construction of a new refinery in Dos Bocas. Rocio Nahle, Secretary of Energy (Sener) and the private sector talked about this issue.
Alberto de la Fuente, President of the Mexican Association of Hydrocarbon Companies (Amexhi), spoke about how production could increase with the new refinery project in Dos Bocas (Tabasco).
The government of Andres Manuel Lopez Obrador (AMLO) opened a tender for the construction of the new refinery, but the results were disappointing (to say the least). This generated much discussion about this facility and its future. Rocio Nahle, Secretary of Energy (Sener) spoke on this issue and Pemex’s role in this project.
The Secretary of Energy (Sener) reported data of refined products imports in February 2019. Finally, the entity included imports of private companies, but their participation has been null in the last two months.
The Federal Commission of Economic Competition (Cofece) has been investigating the increase in profit margins of gas stations in Mexico. The development of these and more stories in our periodic Retail summary.
The Energy Regulatory Commission (CRE) reported propane prices for January 2019 in the country. These increased substantially last year, causing much dissatisfaction. However, this metric has been showing a decrease in recent months, but is still high compared to the previous year. The Secretariat of Finance and Public Credit (SHCP) talked about distributors’ margins.