Pemex is facing difficult times in many metrics. Its gas production has been decreasing in recent years and the outlook is negative for coming years. Pemex was present at the Mexican oil congress 2017 and talked about this issue.
Pemex is implementing a strategy of partnerships with private companies to boost the development of the sector and begin to recover its financial and operational metrics. AkzoNobel is interested in working with the NOC.
Mexico’s oil industry is facing a challenging moment at present. The Federal Government created many structural reforms to boost the sector, but the country needs positive exploration news to reduce concern about sustainability.
The projects would bring investments of US$15B to the country.
The company that will compete with Pemex in Mexico’s gas market will only be able to use 20% of the NOC’s storage capacity in Playas de Rosarito.
The fuel market has had a busy year and thecompanies are working on strategies to take a good part of the market. However, Pemex leaves doubts about its fuel quality at the service stations of itsown brand franchise.