Pemex and Slim negotiate mixed contract in natural gas field, confirms Sheinbaum • Business • Forbes Mexico

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Mexico City (Reuters) .- Pemex is in conversations with Carlos Slim companies about the possibility of a mixed contract in Ixachi, considered the most important natural gas discovery in Mexico in more than a quarter of a century, President Claudia Sheinbaum confirmed.

Reuters reported last week about the talks between Pemex and Slim that they could lead to the entrepreneur to finance Ixachi’s development projects, which also produces condensate, and Zama, an oil site in the Gulf of Mexico at a depth close to deep waters.

“In this case, it is being seen with the Slim Group companies,” Sheinbaum replied at his morning press conference to an express question of a journalist about whether Pemex was in conversations for a mixed contract in Ixachi, a field on land in Veracruz.

“Ixachi’s work of (companies) derived from the Carso Group comes from before, it is not now,” said the president. Currently Grupo Carso, from Slim, works in Ixachi in the drilling of wells.

Lee: Slim points to two Pemex key fields and gains weight in the energy sector

Mixed contracts are a new association figure between Pemex and other companies covered in an energy reform recently approved by Congress that seeks to return to state companies, Pemex and CFE, predominance in the sector and with which government tries to attract private capital.

The new frame of alliances between Pemex and private comes when the state has no money to fulfill the goal of 1.8 million barrels per day (BPD) average crude production that Sheinbaum has put in its administration, which started in October.

Slim is gaining greater influence on the Mexican oil industry and adds to its business empire, which also covers telecommunications, infrastructure, banking, retail trade and restaurants.

In Zama, which does not begin production and in Pemex is in advanced negotiations with its partners in the project for the creation of a joint operation agreement (Joa), including Slim companies, in exchange for the tycoon contributions the investment that the state has to do in the project.

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