Aside from dealing with financial issues, the NOC is now faced with the ‘anger of communities’, who argue that the firm has not complied with its social responsibilities in rural areas. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
President Andrés Manuel Lopez Obrador (AMLO) said that the neoliberal policies implemented by previous administrations negatively affected the industry, but called on Mexicans not to worry about it because he came to ‘save Pemex.’
Pemex reported its production for February 2019, and it started to recover some of the lost ground in previous years. In addition, Chevron (NYSE: CVX) talked about the fuel market future with the new government and its plans in the country.
Pemex published extraction figures for February 2019, and the firm started to recover some lost ground in this important metric, compared to previous month. Octavio Romero Oropeza, CEO of Pemex, showed his optimism about the company’s performance in coming months.
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.