Andres Manuel Lopez Obrador (AMLO) plans to recover the metrics of the energy sector quickly, and the Secretary of Energy (Sener) announced a plan for the refining sector with challenging goals. This strategy could create a dilemma between exporting oil and refining.
President Andres Manuel Lopez Obrador (AMLO) visited Pemex’s facilities in Hidalgo, where he made a series of promises to workers from the Mexican Republic Oil Workers Union (STPRM). These and other stories in our periodic summary of labor-related issues.
Pemex has reported several problems in its refineries, increasing its dependence on fuel imports to supply the Mexican market. There is no possible solution for the short term, despite the current government’s plans to change this situation.
Mexico celebrates 81 years of oil expropriation led by President Lázaro Cárdenas del Río. However, the country and Pemex ‘celebrate’ this anniversary in the midst of a difficult operational and financial crisis.
Pemex has reported poor operational metrics in the refining sector, especially in fuel production. In addition, Andres Manuel Lopez Obrador (AMLO), President of Mexico, decided to close Pemex pipelines as a strategy to reduce fuel theft in Mexico. This situation affected The NOC’s revenues and sales in the first month of 2019.