Pemex Government Funding Outpaces Contributions
This marks the first time Pemex’s public support has outpaced its contributions since 2020
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Pemex Slashes Crude Oil Exports in Favor of Gas Production
The move comes as the price of crude oil is projected to increase to $88 per barrel in 2024
Read moreDos Bocas to Produce 164,000 Barrels of Gas Per Day by September
Mexican President Andrés Manuel López Obrador also confirmed that the Pemex refinery will begin production at the beginning of April
Read moreJanuary’s Oil and Tax Revenue Register Below Government Predictions
As a result, Mexico only took in a total of 658.9 billion pesos in public revenue during the first month of 2024
Read morePemex Loses of $32 Per Barrel of Crude Oil, Says Financial Audit
The losses from 2019 to 2023 mark a 168 percent increase in Pemex’s net losses between 2013 and 2018
Read morePemex Continues to Reward Dos Bocas Contracts Without Bids
Approximately 99 percent of Dos Bocas’ 201 contracts were made public with the actual sum awarded to its contractors censored
Read moreMexico’s Next President: Nearshoring
Nearshoring picked up steam when the covid-19 pandemic exposed the considerable risks inherent in the supply chains for numerous critically important products and intermediate goods for which there was often a single supplier
Read moreMexico’s Next President: Energy
The dramatic decline in investment in generation and transmission of electricity in Mexico has increased frequency and severity of power outages across the country, dramatically impacting not only the productive economy but also the most vulnerable segments of society
Read moreMexico May Enter Weak Financial Era Next Presidency, Warns Moody’s
Mexico is expected to pull in 2 percent of economic growth in 2024, down from the 3.4 percent predicted for 2023
Read morePemex Accused of Hiding Oil Spill in Campeche Sound
An analysis by geographer Guillermo Tamburini revealed a 400 kilometer oil spill in the area that may have grown as large as 1000 square kilometers by July 17
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