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.
Energy Reform forced Pemex to make major changes in its structure. The company contracted several consultants to perform this process correctly but the cost of this was huge; some contracts shows inconsistences.
Texas-based MMEX Resources Corp aims to gather US$450M to build a refinery in Pecos County in Texas, to export diesel and gasoline to western Mexico.