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July 29, 2015 10:44 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: 41
Chief Financial Officer and Corporate Director of Finance
Age: 51
Corporate Director of Operations
Age: 50
Chief Executive Officer of Pemex Refinacion
Director General of Pemex-Gas and Basic Petrochemicals
Age: 59
Compensation as of Fiscal Year 2015.

Petroleos Mexicanos Key Developments

Petrleos Mexicanos Signs Agreement with JX Nippon Oil & Energy to Ship Six Million Barrels of Light Crude to the Latter's Refinery in Japan

Petrleos Mexicanos (Pemex) has signed an agreement with JX Nippon Oil & Energy to ship six million barrels of light crude to the latter's refinery in Japan. Pemex will deliver Isthmus crude which is mainly produced in the Campeche zone, Mexico. The crude will be transported in six cargoes from Pemex's Salina Cruz terminal on the southern Pacific coast between this August and January 2016. This will be in addition to about four million barrels shipped to JX Nippon in the first half of the year. The deal comes in line with Pemex's plans to develop ties with Asia. Separately, Pemex is planning to submit requests for tie-ups with private companies for five deepwater fields in the Gulf of Mexico. The five fields include Trion, Exploratus, Maximino, Kunah and Piklis.

Petroleos Mexicanos, Q2 2015 Earnings Call, Jul 28, 2015

Petroleos Mexicanos, Q2 2015 Earnings Call, Jul 28, 2015

Pemex Settles Long-Standing Refinery Dispute with Conproca

Pemex has resolved a dispute a long-standing dispute concerning upgrade works at a Nuevo Len state refinery with Conproca. The conflict stemmed from a lawsuit filed against Pemex in 2001 for USD 550 million in compensation over additional expenses incurred in refitting the Hctor R. Lara Sosa refinery. In December, Pemex was ordered by a US court to put aside USD 593 million for a potential future payout to Conproca for the works. In a separate dispute with Conproca, Pemex had claimed that executives had bribed state company officials to secure refinery projects in Mexico. In March, Pemex and Siemens reached an agreement to settle the conflict and set up a fund for future compensation payments to be channeled into energy projects. The latest agreement puts an end to all outstanding disputes between Pemex and Conproca and honors the agreement reached in March.

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