Pemex is getting further away from the 2,000mbd target every month, and the poor trend continues, without a possible solution in the short term. The company published extraction figures for June and the firm will find it even harder to achieve its targets.
Rocio Nahle, who is expected to be in charge of the Energy Secretariat (Sener) during AMLO’s government, spoke about Pemex’s budget in the coming years.
President-elect Andres Manuel Lopez Obrador (AMLO) announced the next president of Pemex during his administration. In addition, AMLO announced names for other agencies in the Mexican energy sector as well.
Authorities are still concerned about the increasing amount of oil theft that is taking place all over Mexico, and spoke about strategies to fight it. The development of these and other stories in our periodic Security summary.
Pemex announced its financial and operational results for the second quarter of the year, highlighting positive performance in key metrics such as investment, total sales and increased natural gas use, among others. However, the firm reported a huge net loss in this quarter.
Once again, Moody’s spoke about the main risks that an AMLO presidency represents for Mexico and its main source of finances, Pemex.
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