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).
Part of Pemex’s business strategy lies in transforming PMI — Pemex’s commercial arm — into a global player that will no longer be exclusive to the brand itself, but will continue to maintain it as a priority.
Pemex´s President, José Antonio González Anaya said that if the firm uses the Energy Reform´s advantages, it could become the largest Oil-Firm in Latin America.