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Rogelio Gasca Neri |
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These are exciting but challenging times for the refining branch of Pemex; the question of what to do with Pemex’s refineries is often a controversial one, as low efficiency and consistent loss making (US$6.9 million in 2012) have given the branch the unwanted label of black sheep. However, the approved budget for 2014 shows a [...]

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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 [...]

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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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