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May 05, 2015 11:40 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petroleos Mexicanos

Company Overview

Petróleos Mexicanos, together with its subsidiaries, engages in the exploration, exploitation, refining, transportation, storage, distribution, and sale of crude oil, natural gas, and derivatives of petroleum and natural gas in Mexico. It operates through Exploration and Production; Refining; Gas and Basic Petrochemicals; Petrochemicals; and International Trading segments. The Exploration and Production segment explores for and produces crude oil and natural gas, primarily in the northeastern and southeastern regions of Mexico and offshore in the Gulf of Mexico. The Refining segment converts crude oil into gasoline, jet fuel, diesel, fuel oil, asphalts, and lubricants; and distributes and ma...

Avenida Marina Nacional No. 329

Colonia Petróleos Mexicanos

Mexico, DF 11311

Mexico

Founded in 1938

151,318 Employees

Phone:

52 55 1944 9700

Key Executives for Petroleos Mexicanos

Chief Executive Officer, Director General, Chairman of the Board of Pemex-Exploration & Production, Chairman of The Board of Pemex-Refining, Chairman of The Board of Pemex-Gas & Basic Petrochemicals and Chairman of The Board of Pemex-Petrochemicals
Age: 40
Chief Financial Officer and Corporate Director of Finance
Age: 50
Corporate Director of Operations
Age: 49
Chief Executive Officer of Pemex Refinacion
Director General of Pemex-Gas and Basic Petrochemicals
Age: 58
Compensation as of Fiscal Year 2014.

Petroleos Mexicanos Key Developments

Petroleos Mexicanos, Q1 2015 Earnings Call, Apr 30, 2015

Petroleos Mexicanos, Q1 2015 Earnings Call, Apr 30, 2015

Petroleos Mexicanos and First Reserve Announces Substantial USD 1 Billion Cooperation Agreement to Develop Critical Energy Infrastructure Projects in Mexico

Petroleos Mexicanos and First Reserve announced a USD 1 billion agreement to mutually invest in energy infrastructure for Mexico. The two organizations recently announced the first of such investments the Los Ramones pipelines which are expected to consist of 744 kilometers of natural gas pipelines, creating an essential energy connection for Mexico. Construction of the projects has already begun, with full commercial operations expected in mid-2016. Additional projects the two companies are pursuing include other large-scale essential infrastructure opportunities across the energy value chain. The joint venture represents a significant milestone for both parties towards continuing to invest in energy infrastructure projects in Mexico and a statement of foreign confidence in the Mexican energy industry. With this landmark partnership established, Pemex and First Reserve plan to invest capital in energy infrastructure projects throughout Mexico, combining the financing, structuring and industrial and operational experience needed to bring these critical projects to fruition. These investments are expected to enhance the country's energy profile, lowering electricity prices and supporting Mexican industry.

Pemex to Invest $985 Million in Burgos Basin

Pemex plans to invest MXN 15 billion ($985 million) in infrastructure and well development in the Burgos gasfield. Investment to date in the onshore field has consolidated Burgos as Mexico's largest non-oil associated gas producer with output of 34.5Mm3/d of natural gas, 24% of the country's total. Production at Burgos declined in February but a spike in output at the Chuc field pushed total output to 188Mm3/d from 186Mm3/d in January. The financial injection will allow Burgos' production levels to be maintained and is separate from investments that may be made in the area as a result of round one of oil and gas auctions, which is currently under way.

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