At a time when several national oil companies and international oil companies are reducing their exposure to refining, many may question Pemex’s purchase of an oil refinery near Houston. But the acquisition is strategic in many respects. Continue Reading
The oil boom in the 1970s and early 1980s and the resulting social and economic crisis left policymakers with valuable lessons that, considering today’s conversation around the role of the oil industry in Mexico, should not be overlooked. Continue Reading
The oil glut and the unprecedented drop in demand, along with plummeting oil prices due to the coronavirus pandemic, is revealing the strengths and weaknesses of oil firms globally. We look at four NOCs, Ecopetrol, Petrobras, Petronas and Pemex, and consider the current crisis. Continue Reading
Mexico is gradually laying the foundation for an oil and gas sector where private—along with some state-owned—international companies are taking central stage; however, authorities should not ignore the necessity of developing a domestic oil and gas sector, which means promoting the participation of a larger number of domestic companies by crafting specific policies to that end. Continue Reading
In an effort to raise capital and focus on the most profitable value-adding activities, Pemex — Mexico’s state-owned petroleum company — is contemplating a sale of its fertilizer subsidiary, according to media reports published on January 12. Surprisingly, the leaked… Continue Reading
Natural gas availability in Mexico is restricted, and output of ammonia and fertilizers has plummeted since the late 1990s, with farmers among the hardest hit. Twenty years after NAFTA came into force, the country is more dependent on food imports… Continue Reading