Energy Reform allowed the entry of new players to the Mexican oil industry, ending Pemex’s monopoly of more than 80 years. Italy’s ENI announced major advances in an offshore project.
New players registered the highest fuel import levels in Mexico, since Energy Reform was enacted. The development of these and more stories in our periodic Retail summary.
President Andrés Manuel López Obrador (AMLO) argued that companies have not generated benefits for Pemex or for the national oil sector. New players are proving him wrong.
Pemex is developing a risky offshore project in the Gulf of Mexico, despite saying that it would concentrate its limited resources in areas where it has more experience.
President Andres Manuel Lopez Obrador (AMLO) said that eliminating corruption within the NOC will be one of his main priorities. This is what the Public Function Secretary (SFP) had to say.
Pemex reported the number of clandestine taps in its pipelines during the January – May 2019 period. This problem increased compared to same period last year, despite the government’s strategy to reduce it.
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