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IMF reduces growth prospects for Mexico

The International Monetary Fund (IMF) has reduced Mexico´s growth expectations for the next two years. The oil crisis and the poor performance of the United States were the main reasons to make this decision.

Thursday, October 6th, 2016
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Pemex oil production keeps falling

Pemex’s production in August was 2,144mbd according to company’s database. It means a 4.93% decrease compared to the same period last year when it stood in 2,255mbd.

Thursday, October 6th, 2016
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Pemex plans to seek more oil in Chicontepec

The State-Company will continue the oil exploration and extraction activities in Chicontepec next year. According to the Budget Expenditure Project of the Federation (PEF) 2017, Pemex will invest MXN$2.7B in oil works in the municipalities of Francisco Z. Mena, Pantepec and Venustiano Carranza.

Wednesday, October 5th, 2016
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Pemex launches gasoline distribution program

Mexican rural areas have large fuel shortage problems, to solve it Pemex has launched a pilot program to install gas stations in areas where there is no distribution.

Wednesday, October 5th, 2016
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Renewable energies are gaining ground

Pedro Joaquín Coldwell, Secretary of Energy, said that Mexico has tripled its clean energy capacity. In last power auctions, private firms acquired 98% of solar and wind capacity in the country, according to a report in Milenio.

Tuesday, October 4th, 2016
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Fracking in Mexico

Fracking is a controversial extraction technique but it seems that the government will allow this methodology in the country. Secretary of Energy, Pedro Joaquín Coldwell said the administration is preparing a tender to explore shale deposits, according to a report in Milenio.

Tuesday, October 4th, 2016
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