President Andrés Manuel López Obrador (AMLO) confirmed that the Decree to reduce Pemex’s fiscal burden is almost ready.
The President of Carmen’s Business Coordinating Council (CCEC), José Fuentes, said that the state is ready to continue being Mexico’s oil capital.
Pemex published extraction figures for April 2019, reporting yet another decrease in this metric, compared to April.
Pemex breached its commitments in theXanab field’S development plan. Here is what the National Hydrocarbons Commission (CNH) ruled on the matter.
The deputy of Mexico’s Institutional Revolutionary Party (PRI), Soraya Pérez, said that the Pemex itself confirmed that there are no technical studies to develop the refinery project in Dos Bocas.
Pemex is facing a difficult operational and financial situation, but the firm has a plan to change this. The NOC announced the development of several new oil fields and production expectations are high.
The government of Andres Manuel Lopez Obrador (AMLO) decided to indefinitely freeze Pemex farmouts and associations. The National Hydrocarbons Commission (CNH), said that the NOC had to make a decision about this issue soon, but Alfonso Romo, Chief of the Presidency Office, extended this term.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, is determined to help Pemex and has announced several measures to achieve it. Octavio Romero Oropeza, CEO of Pemex, spoke about tax aids.
The theft of fuel and oil has increased exponentially in recent years and this problem has seriously affected Pemex. The NOC spoke about this issue and its negative effects on the firm.
Signing several alliances and farmouts was one of the main Pemex strategies to solve its current crisis, but this alternative was frozen with the arrival of Andrés Manuel López Obrador (AMLO) to the presidency of Mexico. The National Hydrocarbons Commission (CNH), spoke about the future of the NOC farmouts.
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