Mexico Has Tanker Traffic Jam as Pemex Splurges on Foreign Gasoline

07/18/2022

Source: Bloomberg

More than 60 ships carrying an estimated 18 million barrels of fuel are sitting off the coast of Mexico waiting for storage to open up so they can unload — and paying hefty fees for every day they’re forced to wait.

The majority of those vessels are carrying gasoline and diesel imported by state-owned Petroleos Mexicanos, people familiar with the situation said. With daily penalties of about $40,000 per ship charged for every day of waiting, fuel importers stuck in line are paying about $2.4 million a day in total, with Pemex bearing the bulk of it, people said.

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Marina pide 6 mil mdp para blindar a Dos Bocas del crimen

Fuente: El Universal

15/07/2022

La nueva refinería Olmeca de Petróleos Mexicanos (Pemex) —ubicada en el puerto de Dos Bocas, Tabasco— podría contar con un blindaje de seguridad por parte de la Secretaría de Marina (Semar).

La dependencia presentó en febrero pasado un proyecto de infraestructura gubernamental denominado Construcción y Equipamiento de las Instalaciones Navales en Dos Bocas, Paraíso y Chiltepec, Tabasco, mediante el cual pretende dar seguridad a una de las obras insignia de la actual administración.

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Moody’s hunde más a Pemex en el grado basura

Fuente: El Universal

12/07/2022

Después de reducir la calificación soberana el viernes pasado, Moody’s informó ayer que bajó la nota crediticia de Pemex hundiéndola más en el grado especulativo de inversión o bono basura, al pasar a B1 desde Ba3, y cambió su perspectiva a estable desde negativa.

“La reducción fue motivada por la baja de la calificación de México, dada la importancia crítica de la fortaleza y el apoyo financiero del gobierno en la evaluación del crédito y alto riesgo de liquidez de Pemex”, dijo la agencia en un comunicado.

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New refinery could cost more than twice the original estimate

06/23/2022

Source: Mexico News Daily

The cost of the state oil company’s new refinery on the Tabasco coast could blow out to more than double its original estimated price tag, according to a report by the news agency Bloomberg.

The Dos Bocas refinery, which will be officially opened July 2, could cost as much as US $18 billion, according to Bloomberg sources, a price tag that would be $10 billion higher than the project’s initial budget.

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Mexico’s New Oil Refinery’s Cost Doubles to as Much as $18 Billion

06/23/2022

Source: Bloomberg

A week before the grand opening of Mexican President Andres Manuel Lopez Obrador’s flagship oil refinery project, costs have spiraled out of control to reach as much as $18 billion — more than double its original price tag.

The value of contracts for construction work through to 2024 signed by Mexico’s energy ministry rose to more than $14 billion in May, and the final amount is likely to be between $16 billion and $18 billion, according to people with knowledge of the matter.

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Obligan a comprar gas sólo a CFE y a Pemex

16/06/2022

Fuente: Reforma

Con un oficio, la Secretaría de Energía (Sener) pretende borrar el mercado de comercialización de gas natural para que grandes consumidores que utilizan gas importado lo compren a CFE o a Pemex.

La titular de la dependencia, Rocío Nahle, envió un oficio el lunes pasado a la Comisión Reguladora de Energía (CRE) y al Centro Nacional de Control del Gas Natural (Cenagas) en el que les da instrucciones para modificar regulaciones y contratos de transporte de gas natural.

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Mexico president says Pemex refineries expected to increase processing

06/15/2022

Source: Reuters

Mexican President Andres Manuel Lopez Obrador said Wednesday the country expected crude processing in six state-run Petroleos Mexicanos (Pemex) refineries to increase to 1.2 million barrels per day, up from the current level of 840,000 barrels per day.

Lopez Obrador said in a regular news conference that the Olmeca refinery along the coast of Tabasco, set to open July 2, will go through a “trial period” of several months before beginning production in 2023.

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Acusan ante FGR sabotaje de obreros en plataforma de Pemex

23/05/22

Source: Reforma

El Presidente Andrés Manuel López Obrador acusó ante la Fiscalía General de la República (FGR) a obreros de Pemex por cerrar válvula en plataformas de Campeche, lo cual podría haber causado una “terrible desgracia”.

“Aprovecho para hacer un llamado a todos los trabajadores petroleros que nos han ayudado, tanto como los trabajadores electricistas, como los trabajadores del sector salud, como los trabajadores de la educación.

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AMLO urges Pemex and CFE to finish cleaning up corruption

The state-owned firms have a long history of irregularities

Date: March 18th, 2022

Source: Mexico News Daily

President López Obrador sent a blunt message to the heads of Pemex and the Federal Electricity Commission (CFE) on Friday: immediately end any corruption that still plagues the state-owned firms.

Speaking in Minatitlán, Veracruz, at a ceremony to mark the 84th anniversary of the nationalization of the Mexican oil industry, López Obrador instructed Pemex CEO Octavio Romero and CFE director Manuel Bartlett not to give his adversaries any pretext to criticize the government.

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Mexico Attorney General Seeks up to 39 Years Prison for Ex-Pemex Boss

01/05/2022

Source: US NEWS

MEXICO CITY (Reuters) – Mexico’s attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos (Pemex) for his role in a corruption scandal, two judicial sources said on Wednesday.

Emilio Lozoya is accused of having requested money from scandal-plagued Brazilian construction conglomerate Odebrecht to partially finance the presidential campaign of former President Enrique Pena Nieto in exchange for contracts.

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