Pemex reported its trade balance for the third quarter of this year and its performance continues in the red. The company has poor operational metrics, forcing it to increase imports to supply local demand. However, the company has reduced its deficit in recent months.
Mexican authorities have awarded several infrastructure projects in recent years to solve the problem of a lack of infrastructure in the energy sector. The South Texas-Tuxpan pipeline project is positioned as one of the most important projects for the southern region of the country, but social problems are affecting its development.
Rocio Nahle, who will soon be in charge of the Energy Secretariat (Sener), spoke about the importance of developing AMLO’s refinery project in Tabasco. Deputies of Mexico’s Institutional Revolutionary Party (PRI) think otherwise.
Although oil theft has brought nothing but negative consequences for Pemex and communities, it turned into an opportunity for local authorities to get closer to the NOC. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The oil rounds were positioned as one of the main ways to leverage the country’s oil potential. However, the election of Andres Manuel Lopez Obrador (AMLO) questioned the continuity of these processes and it seems like there is already a negative decision on the future of such auctions.