Currently viewing the tag: "Petrochemicals"

Pajaritos Petrochemical Complex (Photo credit: liberal.com.mx)

Admitting that excessive public financing of certain sectors in the energy industry, such as petrochemicals, would generate unnecessary debt, AMLO finalized an agreement last Wednesday for private investment with industry leaders in the Business Coordinating Council (CCE).

The agreement stipulates that the majority of petrochemical investment will be privatized […]

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Mexico’s state-owned oil company PEMEX cut direct awarding practices, long blamed for inefficiencies in the firm’s performance, to 30 percent in 2016 from 80 percent the year before as it puts to work deep changes in its procurement function such as the new Electronic Awarding System and the adoption of best international practices under Director […]

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Change is on the horizon according to PEMEX’s latest news; a transformational step that aims to boost efficiency and maximize profitability. Its Administrative Council has just approved the company’s corporate restructuring this week enabling it to reach new markets and become what Emilio Lozoya calls a stronger and bolder PEMEX. Following this paradigm shift to […]

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The petrochemicals branch is not considered part of Pemex’s core business, something that is reflected in the amount of investment that the petrochemical division receives: Pemex allocated just 2% of its total investment budget to its petrochemical division for 2013, with little results to show for it so far. With recent news of the appointment […]

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Since the new Energy Reform has been set on the table as a priority of Peña Nieto’s presidential term, Pemex’s restructure discussion is part of every debate. There are as many opinions about what has to be done, as there are people talking about it. However, there are two general views. The first one is […]

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Over the years, the market for medium-sized petrochemical companies in Mexico has evolved from being a closed and domestically-focused industry to a highly competitive and open market focused on providing petrochemicals to Pemex and private companies both in Mexico and abroad. This has led to both increased competition in the market, and increased demand for […]

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