(Platts, 5.Oct.2020) — Mexico announced on Oct. 5 a set of infrastructure projects worth almost $14 billion to reactivate the economy, including a new coker for one of its six refineries as well as a liquefaction plant to export natural gas. The federal government and private industry will begin working […]
Tag: Arturo Herrera
Mexico’s Obrador Says 2021 Budget Includes Refinery
(Reuters, 2.Sep.2020) — Mexican President Andres Manuel Lopez Obrador said on Wednesday the 2021 budget would call for spending on priority infrastructure, including refineries and oil production, and would not raise taxes. The Finance Ministry is due to present the budget next Tuesday, with the government facing scrutiny over an […]
Mexico Seeks To Mediate Russia, Saudi Arabia Oil Row
(Reuters, 10.Mar.2020) — Mexico and other nations are seeking to mediate between Russia and Saudi Arabia to end a price war that has battered world markets, Mexico’s finance minister said on Tuesday, citing his country’s prior experience in calming a crude producer feud. International crude oil prices suffered the biggest […]
Mexico Says Hedge Covers Oil Income
(Reuters, 10.Mar.2020) — Mexico’s finance minister said on Tuesday a $1.4 billion hedge program completely covered 2020 national oil income following a steep drop in crude prices, adding the government needed to accelerate spending to help stimulate a flagging economy. The oil hedging program, the world’s largest financial oil deal, […]