The Mexican Association of Hydrocarbons Companies (AMEXHI) hoped that the new government plan to strengthen Petróleos Mexicanos (Pemex) allows to clean up the finances of the parastatal and cover its debts with suppliers.
The aid plan aims to generate a more attractive environment for national and international investment, according to the association, which integrates twenty -four companies in the hydrocarbon sector value in Mexico in a statement.
Amexhi reacted in this way after the government presented the ‘Strategic Plan for the Strengthening of Pemex 2025-2035 ′, with which it seeks to clean up the finances of the state oil company and that it stops having support from the State by 2027.
Last week, the Government issued notes pre -capitalized for twelve billion dollars, with the purpose of strengthening Pemex’s finances.
Meanwhile, the Plan also estimates a financial vehicle of up to 250,000 million pesos, which will serve to boost infrastructure projects of the state oil company and pay off its debt to suppliers, from the hand of the Banobras Development Bank and private financial institutions.
“We recognize the effort of multiple units of the federal government for designing a strategic plan that seeks to strengthen Pemex, the most important company in Mexico,” said Amexhi in his note.
In addition, the association considered that this strategy “puts strategic alliances with private, national and international companies, as key elements to achieve the strengthening of the public company of the State.”
You may be interested: Trump tariffs hit the German car brands despite the UE-EU agreement
Amexhi also celebrated the objectives of the production plan
Amexhi also celebrated the objectives of the production plan, particularly in natural gas, considering it as a key element to reduce import dependence, boost petrochemicals and generate benefits for the country, in jobs and investments.
“Currently Mexico imports most of its national natural consumption of a single country (United States), which puts national energy security at risk,” the association warned.
Another of the points highlighted by AMEXHI was the prioritization of already discovered fields, such as Trion and Zama, which are developed in conjunction with private companies, as well as the opening to new projects in mature fields, border areas and unconventional deposits.
“In addition, the development of national deposits will bring with it a local spill of jobs, investments, petrochemical development and other benefits contemplated as national development objectives,” said the document.
Amexhi reiterated his willingness to collaborate with Pemex and with the administration of President Claudia Sheinbaum, in order to reach the sets raised and expand the scope of the plan.
In addition, the Association stressed that productive alliances have already demonstrated their value, as it stressed that they produce 116,000 barrels per day of crude oil and have reached the discovery and development of twenty -two sites of hydrocarbons, and investments valued at almost 40,000 million dollars between 2016 and 2025.
“AMEXHI is confident that, through the collaboration between the private sector and the federal government, the goals raised for Pemex will be achieved, promoting a more robust and sustainable energy sector in the long term that includes the stabilization of payments (…) which will result in a more attractive and reliable collaboration climate for all market actors,” he concluded.
With EFE information.
Do you use more Facebook? Follow us to always be informed
