Skip to content
Subscriber Only

Pemex CEO Sees First Production Ventures as Early as This Year

Petroleos Mexicanos, Mexico’s state-owned oil producer, expects to sign its first exploration and output agreements with international companies as early as year-end after Mexico abolished its 75-year monopoly.

Pemex will initially focus on mature and deep-water fields to establish the ventures, Chief Executive Officer Emilio Lozoya said in an interview. Associations in refining, transportation and petrochemicals can be done once congress approves so-called secondary legislation, which is expected in April, he said.