Mexico stands with Energy Reform

Reduced oil prices is demanding new strategies by all companies in the industry in the world. This week we had very good news, because President Enrique Peña Nieto received recognition for innovation in the energy sector on the 35th anniversary of the event CERA Week (Cambridge Energy Research Associates). This is one of the most important for the sector, where leaders of the oil industry worldwide, officials, analysts and entrepreneurs participating events. It is a source of pride because it is the first time that this partnership delivers a recognition of a head of state, which is due to the dimension of the transformation of the energy sector in Mexico is generating energy reform.

This year’s theme was “Energy Transition: Strategies for a New World”. a dialogue on energy future, where strategies to respond to low oil prices opened treated; what comes to markets, investment, and technology costs; environmental agenda; new competitiveness strategies and industry structure and regulatory and geopolitical policy. This meeting, carried out amid international financial turmoil and lack of certainty for the energy community in the world, gave opportunity to discuss the issue in depth. Thus, to identify the key factors that help shape the new business environment and ensure the requirements of international energy growth. Naturally, the reduction of oil prices is demanding new strategies by all oil companies in the world; Pemex, as the state Productive Company is also creating their own strategies, and make it more skillfully, using the instruments that gave the Energy Reform. President Enrique Pena Nieto took the opportunity of the event to announce some strategies proposed to boost energy reform. The first is that our country will advance the import of gasoline and diesel; from 2016, any company can import these resources.

He also noted that the failure of the fourth tender for the one corresponding to the exploration sites located in deep water Gulf of Mexico Round will take place in December. In addition, the bidding for the first transmission line CFE with private participation will take place. For this purpose, it has planned an investment of 1,200 million dollars. I consider important to be clear on three points that said President Enrique Peña Nieto in the framework of this meeting: First, regardless of what happens in the international environment Mexico will continue the implementation of the Energy Reform; Secondly, this implementation will remain attached to the highest standards of transparency and accountability, and, third, the federal government will continue to work for the energy sector is characterized by regulatory and contractual practices excellence, give full certainty to investors.

Source: MéxicoXport