The International Monetary Fund (IMF) recommended the Mexican government reconsider closing the door to private investment. This is why.
Recent investigations show that the NOC hires the social witnesses that it uses to accredit public works. Here are the details.
The Mexican government has announced several measures to help solve the Pemex operational and financial crisis. However, these plans have had an impact on the public finances of the country.
Pemex and the Mexican Petroleum Institute (IMP) announced an agreement to work on the self-sufficiency of gasoline and achieve the oil production goal proposed by the Mexican government.
The NOC entered the top 10 of the most polluting companies in the world, according to a study by the American Institute of Climate Responsibility.
Pemex was rumored to be planning to take control of the Zama field from Talos Energy, which made a significant discovery on the edge of its block, adjacent to an area belonging to the NOC. This created a controversy in the country and Talos announced an important decision on the mater.
The NOC will need to import more oil or export less crude, if it intends to ‘feed’ the seven refineries that Mexico will have in 2024.
Pemex had to import light oil to send to the National Refining System (SNR) last year. Andres Manuel Lopez Obrador (AMLO), President of Mexico, opposed this alternative, and he argued that this was not going to happen again. However, it looks like the NOC has imported light crude yet again.
The firm confirmed that it will not neglect what just years ago was Mexico’s ‘star field’: Cantarell, despite being focused on developing priority fields.
Pemex announced its 2019-2021 Business Plan, with several government aids as one of its main strategies to get out of the crisis. This is what analysts have to say.
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