The Energy Regulatory Commission (CRE) approved new contract models of gasoline sales in Mexico. This decision could affect the interests of Pemex Transformación Industrial (Pemex TRI) and the NOC started a legal process against it.
Andrés Manuel López Obrador (AMLO), president of Mexico, promised to help Pemex to solve its financial and operational crisis. Carlos Urzúa, Secretary of Finance and Public Credit (SHCP), spoke about the new business plan and new aid for the NOC.
Andrés Manuel López Obrador (AMLO) promised to recover the country’s energy self-sufficiency quickly, but this process will take longer than expected. Meanwhile, the private sector is still preparing to meet local demand with imports.
The Ministry of Finance and Public Credit (SHCP) spoke about the NOC’s new Business Plan, which includes important topics like the recovery of oil production and modifications to the firm’s tax burden.
Three members of the Pemex Board of Directors announced their departures due to differences with the current government. Andres Manuel Lopez Obrador (AMLO), president of Mexico, announced his candidates to fill these positions.
Andres Manuel Lopez Obrador (AMLO) wants to recover Pemex’s metrics quickly, and he has showed his confidence in the NOC’s short-term performance. The Ministry of Finance and Public Credit (SHCP) announced oil production and export expectations for 2020.