Pemex is optimistic with farm-outs agreements, to increase its production and investments. The company has an aggressive strategy. It seeks to get eleven associations the next year. The corporation plans to achieve 156 alliances, in 2018.
By July 2017 Mexico’s energy sector will receive a large investment as a result of Energy Reform. The money will be directed to electricity, gas pipelines and oil.
Pedro Joaquín Coldwell, secretary of Energy said that the energy sector will receive US$50B.
The most recent Inter-American Development Bank and Bloomberg report — Climascopio — highlights that in the last year, Latin America invested over US$23B in wind, solar, biomass, geothermal and other renewable energies.
The Federal Government believed that the Energy Reform would bring large investments and international companies would fight to enter in the Mexican hydrocarbons sector. The results, so far, have not been the best.
The Energy Reform has had poor results since its implementation. Mexican authorities were waiting big effects. For some specialists it has been a failure, but for the government the country has to wait more time to observe the benefits.
Emilio Gamboa, leader of the senators of the Institutional Revolutionary Party (PRI) said that the Energy Reform has brought many benefits to the country. Mexicans should start to appreciate it, according to the senator.