Pemex reported its trade balance for 3Q17 and its metrics stayed in red, as expected, despite its good financial behavior. The NOC has been unable to improve its operational metrics, forcing it to increase its dependence on imports to supply local demand.
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.