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
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The following is an extract of Emilio Lozoya Austin’s speech during yesterday’s announcement. Part 2 will cover the remaining “pillars” of Pemex’s strategy.
The exploration areas and productive fields assigned to PEMEX guarantee the viability in the short and medium term for it to operate, while also setting the foundation for its expansion in the […]
by Pedro Alcalá
The Mexican oil and gas industry entered a new era in 2013. Under the leadership of a new President and a new CEO of Pemex, the industry will be building on the exploration and production success of 2012 and is preparing itself for the new opportunities that are expected to be opened up by the […]Continue Reading →