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Mexico Central Time
MARKETS AND DATA: US Dollar: $12.65 Euro: $16.78 Gold: US$1,327 Silver: US$20.39 Mex Crude: US$102.50 Cetes 28: 3.85%
Energy Industry

posted 2009-05-28
Crude Oil on record high
Mexican Crude Oil price beat barrier of the US$60 per barrel. For the first time since Black October the crude oil prices have returned to a continuous escalade. The price reported US$61.17 almost doubles the prices shown in December 2008.

posted 2009-04-15
3 billion USD refinery expansion
PEMEX announced yesterday a planned investment of 3 billion U.S. Dollars for the expansion of the oil refinery located in Salamanca, Guanajuato in the central of Mexico. The new refurnished facility intended to start operations in the year 2014 is presented as supplementary to the new refinery to be built in Tula.

posted 2009-04-14
And the winner is...
PEMEX has announced that the 10 billion U.S. Dollars refinery will be constructed in the town of Tula in the central state of Hidalgo. It is estimated that its full construction will take from 6 to 7 years.

posted 2009-03-18
PEMEX board of directors enlarged
The Mexican Senate confirmed the designation of four new members (independent professional commissioners) of PEMEX board of directors. The state owned company Committee of Transparency and Accountability will be lead by one of the four commissioners posted.

posted 2009-03-03
Positive 2009 production target for PEMEX
PEMEX estimates 2.75 million barrels per day crude oil production for 2009. After years of constant declining, the 2009 target measures up to the 2008 (2.79 mbd) reported production. PEMEX officials argue that the output of Ku-Maloob-Zaap and Chicontepec fields will cover Cantarell´s constant decline.

posted 2009-02-17
Chicontepec 4 times bigger than Cantarell
PEMEX officials recognize the existence of a huge oil reserve in Chicontepec; a petroleum system located between the states of Puebla, Hidalgo and Veracruz. Still, they argue that the characteristics of the area make massive production unviable at this time.


PEMEX Investments in 1st Semester 2009

July 19, 2009. 23:33

PEMEX has invested $6.5 billion U.S. Dollars in the first semester of 2009. This figure represents 1/3 of the total investment plan for 2009 which was originally calculated in $19.4 billion U.S. Dollars.

The investments on infrastructure, exploration and maintenance are divided in 4 territories (click on the image):

Northeast Marina Region
It includes Campeche Oriente, Cantarell, Ek-Balam and Ku-Maloob-Zaap.

Southwest Marina Region
It includes Crudo Ligero Marino, Golfo de México B, Coatzacoalcos, Caan, Ixtal
Manik, Chuc and Yaxche.

Northern Region
It includes inland oil fields

Southern Region
It includes inland oil fields

DoingBusinessInMexico Staff
Published: July 19, 2009. 23:33 | Last updated: July 19, 2009. 23:33
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