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.
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.
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.
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.