Currently, direct fuel imports are held up because of a lack of infrastructure so companies looking to enter the retail side of the business are looking at alternatives to compete with Pemex.
The Federal Government initiated fuel market liberalization in the northeastern of Mexico. The country will have to be patient to see the positive results of this measure. The sector does not expect big changes in the short term.
Authorities showed their concern because as a result of lack of safety measures, accidents in oil plants have increased.
After the NOC announced modifications to its retirement system, the Union filed 2,000 complaints against it for alleged “cancellation of contracts and violation of labor law,” among others.