Mexico's state oil company Pemex plans to increase oil and gas reserves and attract private investment under new president Claudia Sheinbaum, marking a potential shift from previous policies.
Mexico ’s state-controlled oil giant Pemex plans to raise its oil and gas reserves, including via intensified deepwater exploration, under new President Claudia Sheinbaum , Reuters reports, citing an internal company document. Mexico ’s former president, Andres Manuel Lopez Obrador , had attempted – and failed – to turn the fortunes of the state oil giant.
5 million barrels per day bpd in August, as Pemex’s crude production has hit this year the lowest level in more than 40 years. Mexico’s crude oil output peaked at about 3.4 million bpd 20 years ago. The state oil firm has also failed in Lopez Obrador’s pledge to significantly reduce fuel imports with the start of his flagship petroleum project, the Olmeca refinery, also known as Dos Bocas.
Mexico Oil & Gas Reserves Exploration Investment Sheinbaum Lopez Obrador Production Imports
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