US oil companies such as Riverstone Holdings LLC want to take advantage of Mexico’s oil market recent liberalization hoping that issues such as the drop of the Mexican peso will not have a negative impact on the business.
One of the great challenges that the private sector has to face in the gasoline market is transportation and storage. To help this, Pemex will rent part of its infrastructure to privates.
Bad news keeps popping up for the State-Company staff. Production is still in free fall and the Mexican Government keeps announcing budget cuts. As a result, Pemex will lay off large numbers of workers in 2017.
Pemex will partner with major international oil companies to operate gas stations in Mexico and other parts of the world, with the foreign brands or with its own brand (Pemex franchise).