On Wednesday, the Superior Audit of the Federation (ASF), an independent institution recommended the government review the proposals and strategies of the Energy Reform to meet the expectations raise  d in 2013. The recommendation was given in the third installment of the ASF’s Public Account Report 2017. This document specifies that during the period 2013-2017 there was a decrease in investment in hydrocarbons, as well as in the extraction of crude oil, which, according to the ASF, could have an impact on the increase end of the price of fuels.

“The audit of the Energy Reform in the field of hydrocarbons, implemented during the period 2013-2017, showed that the observed results do not reflect an advance in the fulfillment of its purposes, given that during the analysis period the investment in the sector was reduced, as well as the production of hydrocarbons. Prices increased for end users and there is no reliable data regarding environmental damage,” said David Colmenares, who led the investigation. He also mentioned that despite the opening of the market, PEMEX continues to assume most of the financial risks “The amount of its investments represented 97.5 percent of the total during the years reviewed,” he said.

Another aspect affected by the institution is related to the generation of employment that was projected when the Enrique Peña Nieto administration approved the Energy Reform. “In 2018 there were 317,000 employed persons, less than the 342,300 employed persons in 2013,” according to the ASF. “Therefore, when identifying that in 2018, there were 25,000 less employed persons than in 2013, the first goal will not be reached.”

404

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!

Visit our friends!

A few highly recommended friends...