Keeping the NOC financially stable and signing the greatest number of alliances with foreign companies, are the main objectives that new CEO, Carlos Treviño, expects to reach by the end of his administration.
Pemex expects to recover from its difficult situation and performance through alliances with private companies. The NOC aims to offer several farm-outs to achieve it and the Ministry of Finance plays a key role in this process. Carlos Treviño, New CEO of Pemex, talked on this topic.
Pemex reported its refining production figures for October and the company is achieving new historic low figures. The Salina Cruz refinery, its most important in terms of production, reported low production.
The new Pemex CEO said that the NOC’s production goals will remain the same, as well as the strong coordination it has had with government entities for the past years.
José Antonio González Anaya finished his period as CEO of Pemex to become Finance Secretary (Hacienda). Like his predecessors, he spent little time in this position but left results. Experts talked about the appointment of the new director.
The NOC announced that it will reduce its participation in the Nobilis-Maximinoblock, located in the Gulf of Mexico, to 40%.
The government started the prices liberalization process in the fuel market this year. This procedure has benefited volume, as its fuel sales increased, but we wonder if the NOC has seen any benefit from this process. We analyze its sales and import costs.