Pemex sees production ventures as early as year end
Davos, Switzerland — Petroleos Mexicanos, Mexico’s state- owned oil company, expects to sign its first exploration and production agreements with international companies as early as year-end after Mexico ended its 75-year monopoly.
Pemex, as the state oil company is known, will initially focus on mature and deep-water fields to establish the ventures, Chief Executive Officer Emilio Lozoya said Saturday.
Possible associations in the refining, transportation and petrochemical businesses can be done once congress approves the so-called secondary legislation, which is expected in April, he said.
