As part of the Energy Reform, the Secretary of Energy (SENER) issued guidelines and model contracts for the use, involvement or, where appropriate, acquisition of land, assets or rights for the exploration and extraction oil and transportation through pipelines.
Mexican Energy Reform so far is taking its first steps and is already beginning to generate controversial news. It has created the Mexican Oil Fund (FMP), which will be central to the new energy era in the country.
According to an article in El Financiero, the National Hydrocarbons Commission (CNH) decided to exclude the Akal field, which is part of Cantarell complex, the largest discovered in Mexico so far, in the counting of petroleum reserves.
In search for new investments to strengthen the oil sector in Mexico and with energy reform under way, some concerns are emerging about corruption risks facing the industry.
Noticing the threat posed by dependence on oil exports to one country (USA), Pemex has been implementing a strategy of market diversification since 2011. Crude sales to its main buyer, the US, have fallen 37% (2011-2015), from 1.24 mmbbl to 691 mbbl, mostly because USA has gone from being an importer to producer.
The liberalization of gasoline price attracts large companies and investors, but it also shows some industry’s deficiencies. One of them is the lack of infrastructure.
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