The next administration will take on, among many things, the energy transition, in which it is expected that fossil fuels will be gradually abandoned and renewable energies will be increasingly implemented, but willwhat would happen to Pemex? This is what we know in two possible scenarios.
Claudia Sheinbaum, Morena’s candidate and who represents the continuity of President Andrés Manuel López Obrador’s project, has defended Pemex’s management of this six-year term and has classified it as a ‘rescue’, due to the management of the company’s debt.
On the other hand, the management not only of Pemexbut energy in general, has been highly criticized by Xóchitl Gálvezcandidate of the opposition front Va por México (PRI-PAN-PRD), who said that the purchase and construction of refineries in this government were bad investments and that priority had to be given to clean energy.
In that sense, and within the framework of the Banking Convention held in Acapulco, Guerrero, in recent days, both candidates offered comments, which give the impression that the national economy will not be at risk after the elections, in addition to foresees a tax reform in the first stage of his administration, as he explained Enrique Quintana, vice president and general editorial director of The financial in his column this Monday, April 22.
What are Sheinbaum and Gálvez’s plans with Pemex?
During the Banking Convention and through interviews with journalists Enrique Quintana and Víctor Piz, Claudia Sheinbaum and Xóchitl Gálvez presented their points about the development of Pemex in the coming years.
Claudia Sheinbaum and the ‘turnaround’ at Pemex
What Sheinbaum said and his team to Enrique Quintana was that a Pemex debt restructuring in 2025, in order to continue with the ‘rescue’ of the parastatal. In addition, they are expected to continue with a long-term plan for the administration of Pemex proposed by the López Obrador administration.
Sector analysts predict that, although Sheinbaum has not gone against López Obrador’s proposals, it is expected that, The sooner Pemex does like other oil companies and move faster towards renewable energy.
Claudia Sheinbaum seeks to maintain Rogelio Ramírez de la O in her governmentcurrent Secretary of the Treasury and who has been one of the fundamental characters in the operation of Pemex this six-year term.
Xóchitl Gálvez, for renewable energies
The candidate Xóchitl Gálvezif it wins the presidential elections, will also seek a rapid transition towards renewable energies, in addition to seeking new measures to avoid losses and generate more income.
Some of its movements would be the granting of resources for the exploration and production of crude oil, where more profits are obtained.
In contrast, the money allocated to refining would be subtracted, since it is one of the areas where Pemex loses the most money.
While waiting for what Mexicans say in the presidential elections, it is likely that Pemex advances further towards renewable energies from the next Government.
With information from Enrique Quintana.
