(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.
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