Pemex announced the discovery of new oil deposits on the coasts of Tabasco recently. The refining sector could be one of the main beneficiaries of this news.
Pemex has reported little exploratory activity in recent years, affecting its reserves and oil production metrics. However, the NOC recently announced a large light crude oil discovery . Experts talked about this announcement.
After sending ‘go away’ messages to the industry during his campaign, AMLO confirmed that he will seek to improve production levels in Mexico together with foreign firms.
Pedro Joaquín Coldwell, Secretary of Energy (Sener), spoke about the oil rounds benefits in terms of production and reserves in the medium and long. Mexican authorities are optimistic about the oil sector, thanks to the new market players.
Pemex created a large gas processor complex called ‘Ciudad Pemex’ in 1958 in the state of Tabasco. This area was a great emblem of economic prosperity and development for the region, but this situation has changed in recent years.