Pemex Chief Hopes Recent Oil Find Makes It More Attractive for Joint Ventures

7 Nov 2017   Mexico

Mexican state oil giant Petróleos Mexicanos hopes that a recent major oil discovery will make it a more attractive partner as it considers whether to expand a program of joint ventures with private oil firms in the coming months, Chief Executive Jose Antonio González Anaya said Monday. Pemex, as the company is called, is planning on inking at least nine new joint ventures in the coming months, in addition to three existing deals with private firms. But it may expand the number of partnerships even more, Mr. González Anaya said in an interview. “We already had a lot of interest, but (the recent discovery) will increase the interest (in partnering with Pemex)”, he said. “We are evaluating being more ambitious (in seeking more partnerships).” Last week, Pemex said it had […]

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