Tuesday, April 23, 2024

Logo Central America Link

Pemex reform efforts in Mexico hobbled by oil slump

Tuesday, February 2, 2016

Falling crude oil production, falling refined product output and falling income have led many to believe that the sky is falling on Mexico’s state-owned oil company Pemex.

The perilous situation for Mexico’s energy industry — and Pemex is Mexico’s energy industry — has not been lost on officials who are trying to reform the company and, by extension, the nation’s energy landscape.

Source: Platts