The total hydrocarbon production of Pemex during the third quarter of 2022 averaged 2,540 million barrels of crude oil equivalent per day (MMbpced). This is a growth of 62,000 barrels of crude oil equivalent per day (Mbpced) with respect to the same quarter of 2021. Pemex is wholly
Mexico‘s Federal Electricity Commission (CFE) reported that it recorded a year-on-year increase of 8.1% in its total revenues during the third quarter of 2022, to Ps. 470.428 billion. But CFE reported that in the first nine months of the current year it had net losses of 50,719 million
California Tequila highlighted six of the top trends in the tequila market, both in the U.S. and globally. California Tequila was incorporated under the laws of California on April 27, 2020. The company is engaged in the import, marketing and sale of ultra-premium tequila products under its AsomBroso
Natural gas imports will account for 83% of total consumption in 2050, according to projections released by the Asia Pacific Economic Cooperation (APEC) forum. Despite the increase in gas demand in the reference scenario (REF), the lack of upstream investments increases Mexico’s dependence on imported natural gas. In
As of the third quarter of 2022, FEMSA reported a favorable report, with an increase in Revenues and Ebitda of 20.5% and 12.8%, respectively, according to J. Roberto Solano and Brian Rodriguez, analysts at Monex. FEMSA’s figures show an increase in Revenues and Ebitda of 18.2% and 14.0%
The Mexican government considers Pemex to be of strategic importance to Mexico, as it is a profitable public asset, in addition to being the country’s largest taxpayer, according to a World Trade Organization (WTO) report. Consequently, the federal government considers it crucial to maintain profitability and ensure the