Pemex will apply international technologies such as “Gasoline Tracers” to eradicate fuel theft, a problem that causes losses of more than MXN$25B per year.
Energy Reform continues to produce results. Oil firms, which won contracts in round 1.3, announced investments for the next two years. The National Hydrocarbons Commission (CNH) approved their initial evaluation and development plans.
Pemex will ask interested investors and operators to make formal offers in the next weeks.
The company needs to improve its deteriorating finances, so it implemented efficiency strategies in its contracting processes. The NOC reported positive results from this effort.
Mexico has a high consumption of gas natural and it needs big investments to be able to supply the country. The Federal Electricity Commission (CFE) and Pemex are the highest consumers of gas natural.
Pemex’s Board of Directors will investigate former director Emilio Lozoya Austin’s administrative management.