Mexico’s President-elect Andrés Manuel López Obrador, who will take office on December 1, has begun outlining his plans for the country’s oil sector, which include the construction of at least one oil refinery and a transfer of state oil firm Pemex’s headquarters to the oil-producing state of Campeche.
López Obrador, known by his acronym AMLO, a veteran leftwinger who won a landslide victory on July 1 in his third run for office, having previously campaigned in 2006 and 2012, had caused some uncertainty in the oil sector with a pledge early in this year’s campaign to make “corrections” to the energy reform.
In campaigning, AMLO pledged to review all the contracts so far awarded in the country’s oil and gas auctions to ensure transparency had been observed on behalf of the energy regulatory commission (CRE), vowing to cancel any contract
found to have been won through corrupt practices.
- Figure: Oil Production
3. The Challenges Ahead: Upstream and Midstream
- Figure: Natural Gas Production
- Figure: Price of Oil
4. Downstream: Putting Out Fire With Gasoline?
- Figure: Imports
- Figure: Wells Drilled