This week’s Interview of the Week is with Stefan Lepecki, CEO of Braskem IDESA. Braskem IDESA is an association of Brazil’s Braskem and Mexico’s IDESA and was created in 2010. The association leads the Etileno XXI petrochemical complex for the production of polyethylene and other chemical derivatives in the state of Veracruz.
Q: What are your […]Continue Reading →
It was another mixed week for Mexico’s oil and gas industry as the financial woes of PEMEX were once again laid bare, with the company reporting heavy losses for 2018 and causing concern in the market. The IMF waded into the fray and called for Mexico’s most important company to come up with a clear […]Continue Reading →
Mexico’s energy sector faced more challenges this week as President Andrés Manuel López Obrador continued to cast doubts over contracts signed during the previous administration. However, citizens will have been happy to hear about his intentions to keep electricity bills low.
Here is a rundown of the big news in the energy sector this week.
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The Mexican government announced more winners of drilling contracts last week as it pushes forward with its aim to increase production on PEMEX oil fields.
The government is currently in the process of awarding contracts to companies to develop 20 recently discovered oil fields, including 16 offshore sites, which will require the drilling of some […]Continue Reading →
Mexican President Andres Manuel Lopez Obrador last week announced that measures will be taken to restore the economic solvency of the country’s heavily indebted national oil company, PEMEX, while the CNH had its budget reduced.
The president unveiled his intention to reduce the tax burden on PEMEX so that further investment can be delivered […]Continue Reading →