This week, the Mexican Petroleum Fund for Stabilization and Development (FMPED) announced it had exceeded its income expectations by MX$84.9 billion, taking in MX$541.7 billion in 2018. This is the second consecutive year that this has occurred. 2018 revenues were 16.6 percent higher in real terms than those in 2017, and represented 2.4 percent of […]
by Sara Warden
Last week was rich in oil and gas news, from AMLO’s 25 priority projects to oil workers calling for oil syndicate leader Carlos Romero Deschamps to resign and PEMEX securing the Deer Park partnership with Shell. Meanwhile, Iraq reaches a new oil production record, the US reactivated Iran’s sanctions and Nexen is poised […]Continue Reading →
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, Mauricio Herrera Madariaga, Executive and Administrative Coordinator of Fondo Mexicano del Petroleo sheds light on the purpose of the oil fund and erases all misconceptions that might exist surrounding its performance so far.
Q: Why did Mexico […]Continue Reading →
Mexico’s Energy Reform is widely understood as a group of measures intended to ramp up the country’s ever-declining oil production, but it does not limit itself to this. In line with the authorities’ aim to reduce the Federal Government’s dependency on oil revenues, the reform also implemented an oil fund that would allow control over […]Continue Reading →
Fondo Mexicano del Petróleo (Translation: Mexican Petroleum Fund): An independent organism in charge of receiving & administrating all payments, profit and capital generated by the public segment of the Mexican oil & gas industry that does not correspond to the Mexican government through taxes. This money can then be invested in a transparent and focused […]