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Companies form alliances to create own gasoline brands

The Energy reform will allow full liberalization of the gas market in Mexico. Business groups of gasoline are formalizing agreements to create their own brands, according to El Sol de MĂ©xico. They also want to create sales schemes across the whole logistics chain of fuels.

Monday, October 24th, 2016
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Pemex seeks to refinance a credit

The State-Company is seeking to refinance a US$250M. It could cost 1% higher than current interest rate, according to a report in El Financiero. An anonymous person, who is working in the operation, gave the information.

Friday, October 21st, 2016
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Rigs keeps falling

Rigs keeps falling

Pemex reported only fifteen rigs working during 3Q16. Compared to the same period last year, it means a 75% decrease, according to Pemex database. The State-Company used 5 rigs for exploration and 10 to development wells.

Friday, October 21st, 2016
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Pemex seeks to increase interest in Trion

Pemex with Mexican Authorities have been working to create an attractive Joint Operation Agreement (JOA) to big Oil-Companies, with the aim of developing the Trion field. There are only two months to the bid.

Thursday, October 20th, 2016
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Government seeks to improve tax regime

The Finance and Credit Commission of the Deputies Chamber mentioned that it is working on a new tax regime for private oil-companies.

Thursday, October 20th, 2016
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The Union budget will increase

While Pemex is facing a period of austerity and budget cuts, the Petroleum Workers´ Union will receive more resources next year. Pemex will pay MXN$321M in 2017, according to a report in El Financiero.

Wednesday, October 19th, 2016
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