Renewables & Electricity. CFE announced a US$131.6bn investment to upgrade its infrastructure, including the expansion of Mexico’s electrical grid beyond its borders and the interconnection with Baja California’s electrical system.
Natural Gas & Liquid Fuels. Pemex will soon hand out the information on 70% of its natural gas contracts with end users, will have to either produce ultra low sulfur diesel or import it, and saw its Salamanca refinery run out of steam.
Oil & Gas Upstream. Pemex is seeking buyers for the Holkan and Chemul platforms, renegotiating 56 drilling contracts, and analyzing six models for alliances with private oil companies.
Money & Power. The IMF okayed a two-year US$88bn contingent credit line, Mexico’s foreign debt issues hit a 21-years high, and EPN established four special economic zones.
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