Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Dos Bocas (Tabasco). The expectations of the new government are high with this new facility, especially in terms of production.
The Energy Regulatory Commission (CRE) is now reporting propane prices in the country. These increased substantially last year, causing much dissatisfaction and other economic consequences. This metric has been showing a decrease in recent months, but these are still high compared to previous year.
Enrique Peña Nieto (EPN), former president of Mexico, liberalized the gasoline market, with the promise of a reduction of prices. However, the opposite happened, causing social unrest. In addition, the Mexican Energy Council (Comener) gave its perspectives on the behavior of prices for the coming months.
The constant competition between Mexican and American gas stations has caused economic losses of up to 30% for Mexican gas stations on the border in Tamaulipas. The development of these and more stories in our periodic Retail summary.
Pemex is facing a difficult operational and financial situation in all its business areas, but refining has been one of the most affected. The National Refinery System (SNR) is working at very low efficiency rates.
Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Mexico in the next three years, and this will have implications for Pemex. Arturo Herrera, AMLO’s undersecretary of finance, spoke about the implications of this project for the NOC.
Pemex Logistica, a subsidiary of Pemex, took legal action against the maximum propane prices authorized by the Energy Regulatory Commission (CRE). The NOC criticized the CRE’s decisions on this issue.
Jesus Montoya, operations director at Fullgas, spoke about fuel retailers’ main challenges in the national liberalized market.
Insecurity is one of the main headaches for the energy sector in Mexico, especially fuel theft. Mexico’s Fuel Retailers (Onexpo) spoke about the fuel theft and its effects on service stations.
The North American Grain Council forecasts that the use of ethanol in the Mexican fuel mix could lower fuel prices.
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