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Eye on Pemex

Mexico oil production keeps falling

The country’s production continues to fall. Although production data for December 2016 is not available, it is clear that oil extraction will be lower than in 2015.

Tuesday, January 17th, 2017
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Pemex fuel imports come from US

Pemex fuel imports come from US

Pemex has problems refining gasoline and to meet this lack of capacity the company has had to increase its importations. In recent years, fuel imports have grown substantially.

Wednesday, December 21st, 2016
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“Pemex logistics” will begin to operate next year

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.

Monday, November 28th, 2016
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Pemex accidents rate increase

Bad news for the State-Company keeps popping up. Pemex workers and contractors accidents are growing. With the accidents rate rising, it is harder to face the current financial crisis.

Wednesday, November 23rd, 2016
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Pemex will lay off more workforce

Pemex will lay off more workforce

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.

Wednesday, November 23rd, 2016
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Pemex will partner with international oil companies

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).

Wednesday, November 16th, 2016
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Pemex P.M.I. seeks to offer its services at a global level

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.

Wednesday, November 9th, 2016
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Pemex will have primary surplus in 2017

The State-Company – despite the production fall and poor financial results – is optimistic for the coming years. The company believes that will have a primary surplus.

Friday, November 4th, 2016
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Pemex exports grow

Pemex exports grow

Pemex exports are approaching acceptable levels after poor data presented at the beginning of the year.

Friday, November 4th, 2016
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González believes that Pemex could be the largest Oil-Company in Latin America

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.

Thursday, November 3rd, 2016
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