Pemex is analyzing several alternatives to return to having good financial and operational metrics. The company has an extensive infrastructure in telecommunications and the NOC is analyzing options in this business.
Pemex announced its financial results for 2Q17, highlighting positive profits, stable oil production and decreased natural gas flaring. The firm has had good financial performance during this year so far.
The excellent results from the last rounds have raised expectations of a possible recovery of the Mexican oil sector. However, this has created several challenges to face as well. International certifications is one of the main challenges.
Unfortunately, the NOC was forced to develop control tests for members of the Mexican Republic Oil Workers Union (STPRM) because irregularities related to oil theft and misdirection of funds kept happening.These and other stories in our periodic summary of labor-related issues.
The National Institute for Access to Information and Protection of Personal Data (INAI) asked Pemex for information on its subcontracted employees, but the NOC declared most of the required information as “non-existent.”
According to the National Institute of Transparency, Access to Information and Protection of Personal Data (INAI) Pemex must disclose data about those benefiting from the Program of Support to the Community and Environment (PACMA), between January 2016 and May 2017.
The country has signed many exploration and production contracts to boost the oil sector, since it is facing tough times. Pemex production has fallen and will continue this tendency in the short and medium term. Fitch talked about the sector and its perspectives.