Amlo

Mexican President Andrés Manuel López Obrador, who took office Dec. 1, had a tumultuous first week in office, with one announcement that could potentially disrupt expansion in the energy sector.

Mexico’s incoming government plans to build an oil refinery in the city of Dos Bocas, Tabasco state, following a public vote on the project last weekend.

Mexican President-Elect Andrés Manuel López Obrador’s goal to increase domestic crude oil output to 2.4 million b/d in 2024 from the current average of 1.8 million b/d will be a tall order even under the most favorable circumstances, according to new analysis by the Pulso Energético think tank.

Mexican President-Elect Andrés Manuel López Obrador (AMLO) said last Wednesday he will suspend oil and gas bid rounds until the 107 contracts awarded through rounds under the current government begin producing.

The price of the international Mexican export mix of crude, as reported by the state oil company Petroleos Mexicanos (Pemex), was $76.34/bbl on Monday (Oct. 1), compared with a year ago when the price was $47.60. Is that a good omen for President-Elect Andrés Manuel López Obrador?

Mexican President-Elect Andrés Manuel López Obrador and his chief of staff are sending conflicting messages on energy policy, a recurring theme throughout the campaign that has continued since the former’s landslide July 1 election.

The next Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.

Analysts reacted with almost uniform wariness and skepticism to the announcement by Mexico’s next president, Andrés Manuel López Obrador, of his picks for top energy sector posts and of a 175 billion-peso ($9.43 billion) plan to “rescue” the industry.

The incoming Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.