About 30% of the government’s revenue comes from the oil industry, while 9% comes from the mining sector, reason why the Mexican Institute for Competitiveness (IMCO) said it is necessary to treat the fiscal payments derived from these industries in a transparent way.
The Federal Economic Competition Commission (Cofece) recommendedthat the NOC release some of its ports so that they can made be available to companies that are about to compete in the Mexican market.
Clandestine outlets are one of Pemex’sbiggest challenges since the law that aims to stop fuel theft has not been effective enough, and Pemex authorities do not seem to be helping much. The development of these and other stories in our periodic Security Summary.
Energy Reform promotes the creation of programs which train energy sector’s professionals the petrochemical and human resources areas, among others.
The Secretariat of Energy (Sener) presented an update to its five-year E&P plan for 2015-2019. In a press release, the Sener highlighted that it would bring certainty to the national and international industry.
Mexican President Enrique Peña Nieto said that his government is working to make the country more competitive and attractive for foreign investment.
US Secretary of State Rex Tillerson met with Mexican President Enrique Pena Nieto and his cabinet, to discuss a broad agenda from border security to law enforcement to trade.
The Mexican authorities want to take advantage of all the energy sources the country offers and contribute to the reduction of greenhouse gas emissions. Mexico wants to extract methane gas generated in landfills, according to a report in El Sol de Tlaxcala.