Carlos Morales Gil worked at Pemex for more than 40 years, but he submitted his resignation a few years ago to move to the private sector to PetroBal. The firm won an important block in the past oil rounds, generating a debate in the country.
Andrés Manuel López Obrador (AMLO) promised to change the serious financial and operational situation of Pemex quickly. The Ministry of Finance and Public Credit (SHCP) talked about this issue and measures to change the NOC crisis.
Pemex continues to report poor operational metrics, without a possible solution in the short or medium term. This situation has created many debates and the country continues to look for alternatives to help the NOC. A former Pemex executive spoke on this subject, giving some recommendations.
AMLO’s government announced the purchase of 671 new tanker trucks that represent an important investment for the country. The development of these and more stories in our periodic Infrastructure summary.
Pemex reported its trade balance for December 2018 and this metric stays in the red without a clear solution in the short or medium term. The company has poor operational metrics, forcing it to maintain high import levels to supply local demand. Rocio Nahle, Secretary of Energy (Sener), spoke about this issue.
Pemex had to import light crude in recent months and send it to the National Refining System (SNR) due to its operational crisis. The NOC chose this route despite AMLO’s antipathy, because there was no alternative.