(Energy Analytics Institute, Jared Yamin, 27.Apr.2019) — Heard on the street and LatAmNRG briefs related to Mexico reviewing Odebrecht contracts, FMP transferring 115 billion pesos to Federal Treasury and Mexico’s President Andrés Manuel López Obrador claiming that his government has halted the slide in the country’s crude oil production
Mexico Says It Will Review Odebrecht Contracts
(Energy Analytics Institute, Jared Yamin, 27.Apr.2019) — Mexico’s government will review contracts granted to Odebrecht, but added that they wouldn’t be canceled arbitrarily, but following all legal procedures, online media La Jornada reported on 27 April 2019, citing Mexico’s President Andrés Manuel López Obrador.
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FMP Transferred 115 Billion Pesos To Federal Treasury During 1Q:19
(Energy Analytics Institute, Jared Yamin, 27.Apr.2019) — The Mexican Petroleum Fund for Stabilization and Development (FMP by its Spanish acronym), the agency responsible for managing income derived from the country’s hydrocarbon exploitation contracts, announced that it had transferred 114,874 million Mexican pesos during the first quarter of 2019 to the Federal Treasury, online media La Jornada reported on 27 April 2019.
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Mexico’s President AMLO Says Oil Decline Stopped
(Energy Analytics Institute, Jared Yamin, 27.Apr.2019) — Mexico’s President Andrés Manuel López Obrador proclaims to have stopped the country’s declining crude oil production.
“It declined from December to January and now we are already at 1.680 million barrels per day,” reported online media La Jornada, citing López Obrador. “We think we’re going to stabilize [production] and then little by little we’re going to increase it by the end of the year.”
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