One of Energy Reform goals was to attract investment to improve the sector’s infrastructure in Mexico. The Energy Regulatory Commission (CRE) announced that gas pipeline investments have advanced satisfactorily.
The multilateral Inter-American Development Bank (IDB) says it invested US$65M over the past six years in the Mexican government and private companies for “energy transition”.
Pemex will implement transparency measures to reveal the names of those involved in the oil theft net.
A report in La Política Online said that during an event that took place in Hidalgo, Governor Omar Fayad Meneses told Pemex’s CEO, José Antonio González, that developing and implementing a security strategy to combat fuel theft – commonly known as “milking” – inside the NOC’s staff is an urgent matter.
Many companies and investors are interested in doing business in the Mexican hydrocarbons sector but there are also many barriers. Alejandro Esparza Pérez, President of the Energy Regulatory Commission (CRE), referred to failed negotiations with Russian executives.
Pedro Joaquín Coldwell, Secretary of Energy, highlighted the Energy Reform´s contributions in a meeting with Mexican senators. The directors of Pemex and the Federal Electricity Commission (CFE) were present at the meeting.
The problems that have arisen in hydrocarbon industry and the “gasolinazo” have created an opportunity to discuss Mexico’s energy market diversification. Biofuels appear as a good option in times of crisis, but the industryis notwell developed.
Pemex’s general director José Antonio González, assured that the NOC will continue to be profitablefor Mexicoand will return to financial healthby 2019 or 2020.