Here are presented the top managers of the Mexcan state oil company PEMEX.

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 daily production was 2.650 million barrels; slightly below the company´s year projection of 2.7 million barrels per day. The average export price in May was US$55.71 per barrel.

Mexican Crude Oil reported the highest price in the year at US$64.44 per barrel. This figure is close to the government 2009 budget estimation of US$70.

For the year 2009 the Mexican Congress has an approved investment plan of $19.4 billion U.S. Dollars for PEMEX. Since these funds come from the Government budget, and PEMEX is a state owned company, the crude oil international price does not have an effect on the company´s investment decisions in 2009. However, the estimations made for the rest of the years will be affected by the future prices and the fiscal capacity of the Mexican Government.

The government energy reform lived a full loaded whirlpool of ideas and proposals during 2008. After several months of tough debates, in October 2008 the Mexican Congress agreed a statement with the majority vote of the three main political parties.