Twenty-one years ago, a new Pemex Law was approved, which included the first step towards Pemex modernization: the law determined the creation of a corporate governance structure, and four subsidiaries – Pemex Exploration and Production, Pemex Refining, Pemex Gas and Basic Petrochemicals, and Pemex Petrochemicals. Last Wednesday, the new members of Pemex’s Board decided to [...]
Continue Reading →Last weekend, President Calderón used the occasion of the inauguration of the Bicentenario rig to make the announcement that Pemex had achieved its goal of bringing 1P reserve replacement above 100%, to 101.1% for 2011, saying at the time:
“We have achieved our aim proposed many years ago. This means Pemex’s production is now [...]
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