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Eye on Pemex

Refining plan affects exports

Refining plan affects exports

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.

Saturday, March 23rd, 2019
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Michoacán talks Pemex

The governor of Michoacán, Silvano Aureoles, considers it necessary to rethink the government’s proposed “bring Pemex back to life” strategy.

Saturday, March 23rd, 2019
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AMLO talks to STPRM workers

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.

Saturday, March 23rd, 2019
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Fuel import costs

Fuel import costs

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.

Thursday, March 21st, 2019
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Pemex’s bad move

The NOC lost billions of pesos after implementing its “strategic operation” to to divest its position in Spain’s Repsol (MSE: REP).

 

Thursday, March 21st, 2019
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Oil expropriation anniversary

Oil expropriation anniversary

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.

 

Wednesday, March 20th, 2019
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What comes next for Pemex?

CEO Octavio Romero and President Andrés Manuel López Obrador (AMLO) spoke about their plans to increase Pemex’s performance during 2019.

 

Wednesday, March 20th, 2019
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Pemex fuel revenues in January

Pemex fuel revenues in January

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.

Tuesday, March 19th, 2019
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AMLO’s refinery plan: Yes or no?

President Andres Manuel Lopez Obrador (AMLO) said that his refinery plan in Tabasco is “going well,” but industry experts explain why investing in E&P might be a better choice for Mexico.

 

Tuesday, March 19th, 2019
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Cardenas comments

Cuauhtemoc Cárdenas Solorzano, former presidential candidate, spoke about the oil sector and its relevance to the country’s economy in a conference at the National Autonomous University of Mexico (UNAM).

 

Monday, March 18th, 2019
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