PULSE NEWS MEXICO Mexico’s dependency on imported gasoline — mainly from the United States — has increased by 28 percent annually based on the figures from January to October of this year, data from the country’s Energy Secretariat revealed on Friday, Dec 2. During the first 10 months of 2022, imports of gasoline by the state-run Petróleos Mexicanos (Pemex) increased
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By KELIN DILLON As Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) continues to bet big on its crude oil refining future through its controversial under-construction Dos Bocas refinery and its official acquisition of the Texan Deer Park refinery at the beginning of 2022, Pemex has seemed to have dealt itself a losing hand. According to new data, Pemex’s refining operations
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PULSE NEWS MEXICO As an extension of Mexican President Andrés Manuel López Obrador’s (AMLO) controversial efforts to prioritize state-run, fossil-based fuel sources over clean alternatives, the government’s Energy Regulatory Commission (CRE) announced Thursday, Nov. 10, that is would immediately begin implementing restrictions on solar panel energy production. The CRE, whose commissioners are assigned by the federal government, said in a
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By KELIN DILLON According to new estimates from the the World Bank’s Global Gas Flaring Tracker 2022 Monitoring Report, Mexico has burned and effectively wasted approximately $2 billion worth of natural gas over the past three years, as state-owned oil company Petróleos Mexicanos’ (Pemex) lack of functional storage infrastructure has made it impossible to save and store the natural gas
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By KELIN DILLON After years of threatening to reduce the efficacy of Mexico’s National Electoral Institute (INE), Mexican President Andrés Manuel López Obrador’s (AMLO) administration and National Regeneration Movement (Morena) – acting under López Obrador’s Fourth Transformation (4T) campaign promise – finally attempted to make good on its promise, proposing to slash the INE’s requested budget for 2023 by 4.475
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By MARK LORENZANA Petróleos Mexicanos (Pemex) directly awarded a contract to a private firm to rent out 41,000 computers and other 16,000 pieces of peripheral hardware to Mexico’s state-owned oil company for the next four years. The company, Tec Pluss, distributor of Dell Computers in Mexico, won on Sept. 9 the open contract for up to 2.99 billion pesos, value-added
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By KELIN DILLON On Wednesday, Sept. 28, it came to light that three officials from Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) were reported to the Secretariat of Public Administration (SFP) and Attorney General of the Republic (FGR) for allegedly accepting bribes in exchange for valuable contracts, favoring certain suppliers over others, and putting the overall quality of Mexican gasoline
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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By KELIN DILLON As Mexico continues to put focus on its home-grown oil assets as part of President Andrés Manuel López Obrador’s (AMLO) initiative for the nation’s energy self-sufficiency, which has included investments such as the costly construction of the Dos Bocas crude oil refinery in Tabasco, Mexico continues to move away from meeting its annual oil production goals —
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PULSE NEWS MEXICO By the year 2023, Mexico’s public debt is expected to reach 1.08 trillion pesos, representing an increase of 29.9 percent compared to the 2022 budget, according to a breakdown of President Andrés Manuel López Obrador’s (AMLO) new proposed annual economic package. The 2023 package, which was presented by the AMLO administration to Congress on Thursday, Sept. 8,
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