President Andres Manuel Lopez Obrador (AMLO) is committed to solving the Pemex crisis and his government has taken several steps to achieve it. The President announced a new aid, and rating agencies spoke about this action.
The Mexican government announced the national budget for 2020, and Pemex plays an important role in this matter. Mexican authorities have a “saved budget” for the NOC, generating several speculations about the fate of this money.
Although it has had a tough time letting go of its monopoly, Pemex is no longer Mexico’s main player in the energy market, and figures prove it. The development of these and more stories in our periodic Retail summary.
Signing several partnerships with private companies was one of Pemex’s main strategies to solve its operational and financial crisis, but the arrival of Andrés Manuel López Obrador (AMLO) to the presidency of Mexico changed these plans. Now, the bet is for the Exploration and Production Integral Service Contracts (CSIEE) and the government is optimistic about these agreements.
This regulation assures that the NOC will pay for the legal defense of union leader Carlos Romero Deschamps, if arrested for one of the charges against him. These and other stories in our periodic summary of labor-related issues.