Pemex will partner with major international oil companies to operate gas stations in Mexico and other parts of the world, with the foreign brands or with its own brand (Pemex franchise).
The Mexican firm has had to adapt to the new environment of low oil price. This process has not been easy for the company; it has faced large budget cuts. Due to the cuts, the company could not meet the goal to achieve a 98% of gas use. Pemex hopes to achieve it in coming years.
Mexico’s oil production represents only a third of its actual potential. With the new explorations that are taking place in Campeche, this state will occupy an important place in the oil industry.
Mexican authorities have talked a lot about the gasoline price liberalization. They planned to begin it in 2018. The government advanced the program to start the liberalization next year. The process will be by regions and begins in February.