January 1, 2014
History will remember 2013 as one of the most important years for the Mexican energy sector. The oil and gas industry has been a cornerstone of Mexican history and tradition, and has played a fundamental role in the development of our economy.
Today, Pemex is the biggest and most important corporation in Mexico. We truly represent fuel to the Mexican economy. We are among the top five crude oil producers worldwide and we are one of the top three exporters of crude oil to the United States.
Yet, Pemex and the Mexican oil and gas sector — reflecting a global industry trend — are at a crossroads. The need for additional access to technology, know-how and financial resources, as well as the
Mexico’s energy reform opens the way for Pemex to
modernize its capital structure and improve its financial position, writes its chief executive Emilio Lozoya