Pemex BOD Approves Merger Of PEP-PPS And TRI-Pemex Etileno

(Energy Analytics Institute, Jared Yamin, 28.Jun.2019) — The Board of Directors of Petróleos Mexicanos (Pemex) unanimously approved, at the proposal of the General Director, Octavio Romero Oropeza, the merger of subsidiary production companies: Pemex Exploration and Production (PEP) with PPS and Pemex Industrial Transformation (TRI) with Pemex Etileno.

In Extraordinary Session 944, the Board of Directors authorized the mergers, which take effect 1 July as part of the new organizational structure approved 26 March.

As a result, PEP and TRI will subsist as merging companies and PPS and Etileno will be extinguished as merged companies, Pemex said.

***

© Energy Analytics Institute (EAI)

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *