The Mexican government announced the national budget for 2020, and Pemex plays an important role in this matter. Mexican authorities have a “saved budget” for the NOC, generating several speculations about the fate of this money.
Although it has had a tough time letting go of its monopoly, Pemex is no longer Mexico’s main player in the energy market, and figures prove it. The development of these and more stories in our periodic Retail summary.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, has shown his rejection of the implementation of unconventional techniques such as fracking in the country. However, his government will give budget to develop unconventional projects in 2020.
Energy Reform created the model of associations and free competition in the Mexican oil sector, creating high expectations and optimism about Pemex’s future. However, Andres Manuel Lopez Obrador (AMLO), President of Mexico, changed this scenario, returning to a service contract model. Experts gave recommendations on what Pemex and the government should do now.
This regulation assures that the NOC will pay for the legal defense of union leader Carlos Romero Deschamps, if arrested for one of the charges against him. These and other stories in our periodic summary of labor-related issues.