Top global firms think that having legal certainty to develop new projects is more important than President Andres Manuel Lopez Obrador’s (AMLO) ‘Pemex focused’ policies. This is why.
The NOC will need to import more oil or export less crude, if it intends to ‘feed’ the seven refineries that Mexico will have in 2024.
Pemex had to import light oil to send to the National Refining System (SNR) last year. Andres Manuel Lopez Obrador (AMLO), President of Mexico, opposed this alternative, and he argued that this was not going to happen again. However, it looks like the NOC has imported light crude yet again.
Pemex announced its investment plans for the next few years, leaving aside deep-water projects. Carlos Salazar Lomelín, Director of the Business Coordinating Council (CCE), spoke about the interest of private companies to invest in these projects.
The firm confirmed that it will not neglect what just years ago was Mexico’s ‘star field’: Cantarell, despite being focused on developing priority fields.
Private companies continue to advance in the development of their projects, but not all have given good results. Hokchi Energy returned a contractedarea and the firm explained the reasons fir this decision.
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