• Short Name: PEMEX

• Address: Marina Nacional # 329, Colonia Huasteca, Delegación Miguel Hidalgo

• Phone: 52-55-19442500

• Fax: 52-55-19443140

• City: Ciudad de México

• State: Distrito Federal

• Zip Code: 11311

• Country: Mexico

• Website: http://www.pemex.com/

• General Email: ri@dcf.pemex.com

• Regional Presence: Mexico

Description:

Mexico's state oil monopoly, engaged in both upstream and downstream activities. The company accounts for approximately 30% of the Mexican government's revenues. Its vast oil and gas reserves include proven reserves of 34 billion barrels of oil equivalent.

Last Update: Friday, August 29, 2008

Research by: Franco Norero

Related News & Research:

Related News

• Pemex requests 3D exploration permit Oil 19/Nov/08 - Mexico
• PEP awards contracts for rental of 4 rigs for US$396mn Oil 19/Nov/08 - Mexico
• FEATURE: Reforms seen as an improvement, not game changer Oil 19/Nov/08 - Mexico
• Pemex launches tender to prepare 68 Chicontepec sites for E&P Oil 18/Nov/08 - Mexico
• Explosion at Pemex's Cactus CPG leaves 2 dead Oil 18/Nov/08 - Mexico
• Pemex, Pertamina sign collaboration MOU Oil 18/Nov/08 - Mexico
• Report: Ethylene XXI depends on price of ethane, private investment  18/Nov/08 - Mexico
• House approves US$30bn for Pemex in 2009 spending budget Oil 14/Nov/08 - Mexico
• Report: New contracts to come into effect late 2009 Oil 11/Nov/08 - Mexico
• PEP awards well evaluation tender to Dowell Schlumberger Oil 10/Nov/08 - Mexico

Related News & Research

Related News

• Pemex requests 3D exploration permit Oil 19/Nov/08 - Mexico
• PEP awards contracts for rental of 4 rigs for US$396mn Oil 19/Nov/08 - Mexico
• FEATURE: Reforms seen as an improvement, not game changer Oil 19/Nov/08 - Mexico
• Pemex launches tender to prepare 68 Chicontepec sites for E&P Oil 18/Nov/08 - Mexico
• Explosion at Pemex's Cactus CPG leaves 2 dead Oil 18/Nov/08 - Mexico
• Pemex, Pertamina sign collaboration MOU Oil 18/Nov/08 - Mexico
• Report: Ethylene XXI depends on price of ethane, private investment  18/Nov/08 - Mexico
• House approves US$30bn for Pemex in 2009 spending budget Oil 14/Nov/08 - Mexico
• Report: New contracts to come into effect late 2009 Oil 11/Nov/08 - Mexico
• PEP awards well evaluation tender to Dowell Schlumberger Oil 10/Nov/08 - Mexico
• Pemex pushes back chemical treatment, nitrogen pumping tender Oil 07/Nov/08 - Mexico
• Pemex sells 886,601b from Villahermosa terminal in October Oil 07/Nov/08 - Mexico
• Pemex suspends rig rental tender, plans to try again Oil 05/Nov/08 - Mexico
• Mexichem considering ethylene project  04/Nov/08 - Mexico
• Pemex registers 31b crude spill in Dos Bocas Oil 04/Nov/08 - Mexico
• Pemex publishes results from Usumacinta accident probes Oil 03/Nov/08 - Mexico
• Pemex flares 19% of gas output in Q3 Oil 03/Nov/08 - Mexico
• Pemex Q3 costs up 30% to US$14bn Oil 30/Oct/08 - Mexico
• Heavy crude decline drags output down 300,000b/d in Q3 Oil 30/Oct/08 - Mexico
• Pemex petrochemicals production up 4.9% to 3.11Mt in Q3  30/Oct/08 - Mexico
• Pemex refining margin falls further to negative US$1.90/b Oil 30/Oct/08 - Mexico
• Pemex debt US$41.2bn at end-September Oil 30/Oct/08 - Mexico
• PPQ reports US$1.08bn loss for January-September  30/Oct/08 - Mexico
• Calderón to sign reform bills into law this week Oil 29/Oct/08 - Mexico
• Crosco drilling Pox-1 well for Pemex Oil 29/Oct/08 - Mexico
• Allis-Chalmers services prequalified by Pemex Oil 29/Oct/08 - Regional
• Pemex Q3 loss expands to US$1.3bn Oil 29/Oct/08 - Mexico
• House approves 6 of 7 reform bills as of press time Oil 28/Oct/08 - Mexico
• PPQ receives Chinese delegation  27/Oct/08 - Mexico
• Ensco lowest bidder for 2 jack-ups for Pemex Oil 24/Oct/08 - Mexico
• Senate approves 7 reform bills as protesters flood streets Oil 23/Oct/08 - Mexico
• Campeche governor meets with minister to "express interest" in refinery Oil 23/Oct/08 - Mexico
• Senate committees publish first 3 reform bills Oil 22/Oct/08 - Mexico
• Halliburton wins US$28mn Pemex works contract Oil 21/Oct/08 - Mexico
• Eight firms purchase bidding rules for 3 Pemex platform tenders Oil 21/Oct/08 - Mexico
• Pemex to invest US$3.9bn in reducing gas emissions through 2012 Oil 21/Oct/08 - Mexico
• Pemex imports of crude products up 19% in first 9 months Oil 21/Oct/08 - Mexico
• PPQ domestic sales reach 1.03Mt in Q3  20/Oct/08 - Mexico
• PPQ spending US$30mn on maintenance at Cangrejera complex  20/Oct/08 - Mexico
• IMP designs real-time output monitoring system Oil 20/Oct/08 - Mexico
• PGPB executive: More private investment needed for natural gas transport Oil 16/Oct/08 - Mexico
• PPQ Pajaritos ethylene plant down  16/Oct/08 - Mexico
• ICP arranges US$121mn financing for Blue Marine Oil 15/Oct/08 - Mexico
• Global Industries wins US$46mn Pemex pipeline tender Oil 15/Oct/08 - Mexico
• Pemex launches 4 tenders for Akal platforms Oil 14/Oct/08 - Mexico
• ANALYSIS: Calderón's Pemex proposals seen as reaction to financial crisis Oil 13/Oct/08 - Mexico
• Expert: New refinery to spark competition among states Oil 10/Oct/08 - Mexico
• Pemex exports 27.5Mb crude from largest terminal in September Oil 10/Oct/08 - Mexico
• Committees complete draft of 4 reform bills, 3 more to come Oil 10/Oct/08 - Mexico
• Calderón proposes elimination of Pidiregas, removal of Pemex from budget Oil 09/Oct/08 - Mexico
• Calderón: US$888mn from stablization fund for new refinery Oil 09/Oct/08 - Mexico
• TenarisTamsa to expand Veracruz output with US$1.6bn investment Oil 09/Oct/08 - Mexico
• Pemex begins returning workers to Gulf oilrigs Oil 09/Oct/08 - Mexico
• Senators agree to incentives for reform bill Oil 07/Oct/08 - Mexico
• Tropical storm causes evacuations, well closures Oil 07/Oct/08 - Mexico
• Labastida: Committees could present final reform bill end-October Oil 03/Oct/08 - Mexico
• Forbes CEO: Works to begin in 30-45 days Oil 03/Oct/08 - Mexico
• PRI, PAN agree to citizen bonds Oil 02/Oct/08 - Mexico
• Pemex sells 881,030b from Villahermosa terminal in September Oil 02/Oct/08 - Mexico
• Pemex signs service contract with Forbes, Merco Oil 01/Oct/08 - Mexico
• Slim: Allis-Chalmers stake strategic and financial investment Oil 01/Oct/08 - Mexico
• Pemex launches piping acquisition tender for planned pipeline Oil 01/Oct/08 - Mexico
• Report: Poor outlook for private sector refining Oil 01/Oct/08 - Mexico
• Pemex issues US$602mn bonds on Japanese market Oil 01/Oct/08 - Mexico
• Pemex awards pipeline works contract to Global Industries Oil 30/Sep/08 - Mexico
• Schlumberger reduces Burgos drilling time more than threefold Oil 30/Sep/08 - Mexico
• PPQ domestic sales hit 351,500t in August  30/Sep/08 - Mexico
• PPQ output increases 4.39% to 1.07Mt in August  30/Sep/08 - Mexico
• Deer Park nears planned operating rates Oil 29/Sep/08 - Mexico
• Pemex executes US$1.31bn early amortization right for bonds Oil 26/Sep/08 - Mexico
• Sixteen possible bidders for Pemex desulfurization plants Oil 26/Sep/08 - Mexico
• Industry group: More gas pipelines needed to decrease flaring Oil 26/Sep/08 - Mexico
• Pemex starts up TGTU at Cadereyta refinery Oil 25/Sep/08 - Mexico
• PPQ receives ethylene oxide purification tower for Morelos complex  25/Sep/08 - Mexico
• Deer Park expected to reach full operations at weekend Oil 24/Sep/08 - Mexico
• ICA Fluor awarded US$45mn EPC contract for dehydration system Oil 24/Sep/08 - Mexico
• Pemex refined product output down slightly in August Oil 23/Sep/08 - Mexico
• Pemex August natural gas output up to 197Mm3/d Oil 23/Sep/08 - Mexico
• Senator Labastida: Committees to address private refining this week Oil 22/Sep/08 - Mexico
• Nine firms attend site visits for desulfurization plants Oil 22/Sep/08 - Mexico
• Cantarell output drops below 1Mb/d Oil 22/Sep/08 - Mexico
• Pemex sales from Villahermosa terminal reach 908,419b in August Oil 18/Sep/08 - Mexico
• Deer Park begins restart after Ike Oil 17/Sep/08 - Mexico
• RAE to supply Pemex, PDVSA, Petrobras Oil 16/Sep/08 - Regional
• Alfa reportedly eyeing up Ethylene XXI  15/Sep/08 - Mexico
• Explosion, fire on distributor's gas pipeline Oil 15/Sep/08 - Mexico
• Deer Park assessments continue, restart date still undetermined Oil 15/Sep/08 - Mexico
• WestLB to back Grupo R deepwater rig construction Oil 12/Sep/08 - Mexico
• Pemex launches tender for desulfurization plants in 2 refineries Oil 11/Sep/08 - Mexico
• Report: Gasoline sales up sharply on western border in July-August Oil 11/Sep/08 - Mexico
• Pemex requests exploration permit for Burgos basin Oil 10/Sep/08 - Mexico
• Report: Gasoline subsidies to be eliminated by 2010 Oil 09/Sep/08 - Mexico
• Next year's federal spending budget includes US$19.1bn for Pemex Oil 09/Sep/08 - Mexico
• Pemex publishes controversial FPSO contract Oil 08/Sep/08 - Mexico
• Pemex rig rental tender draws 11 Oil 08/Sep/08 - Mexico
• Weatherford CEO: US$500mn capex planned for Latin America in 2008 Oil 05/Sep/08 - Mexico, Regional
• Hercules CEO: End of mat rig era at Pemex not here Oil 05/Sep/08 - Mexico
• Pride's local operations make up 43% of H1 revenue Oil 05/Sep/08 - Brazil, Mexico
• Analyst: Left's energy reform proposal "surprisingly pragmatic" Oil 05/Sep/08 - Mexico
• PPQ investment up 40.9% to US$46.8mn in 1H08  04/Sep/08 - Mexico
• PPQ production down 3.2% to 7.6Mt in January-June  04/Sep/08 - Mexico
• PPQ operated at 75.2% of capacity in H1  04/Sep/08 - Mexico
• Petrochemical imports down 13.4% to 112,100t in H1  04/Sep/08 - Mexico
• Key Energy wins US$68mn Pemex contract Oil 04/Sep/08 - Mexico
• Analyst: PRI revision of party principles "important signal" Oil 03/Sep/08 - Mexico
• Pemex H1 investment up 11.5% to US$9.5bn Oil 03/Sep/08 - Mexico
• Pemex gas flaring jumps to 17.5% in 1H08 Oil 03/Sep/08 - Mexico
• Pemex defends FPSO procurement as allegations surface Oil 02/Sep/08 - Mexico
• January-July income from oil activity reaches US$52.7bn Oil 02/Sep/08 - Mexico
• IMP develops new technology for efficient evaluation of spills Oil 01/Sep/08 - Mexico
• Pemex efficiency project for Salina Cruz refinery to start operations in 1Q09 Oil 01/Sep/08 - Mexico
• Calderón: Reform would allow hundreds of projects in 1 year Oil 01/Sep/08 - Mexico
• Suroco averages 200boe/d in Q2, to expand exploration Oil 01/Sep/08 - Colombia, Mexico
• Experts: Reform bill likely to include contracts with incentives Oil 29/Aug/08 - Mexico
• Expert: PRI subsidiaries a shot at labor reform  28/Aug/08 - Mexico
• Expert: PRI subsidiaries a shot at labor reform Privat 28/Aug/08 - Mexico
• Expert: PRI's Pemex subsidiaries a shot at labor reform Oil 28/Aug/08 - Mexico
• Pemex: Campeche storms no threat to output Oil 28/Aug/08 - Mexico
• Analyst: FAP proposal contains "bold ideas" for union status Oil 27/Aug/08 - Mexico
• Analyst: FAP proposal contains "bold ideas" for union status Privat 27/Aug/08 - Mexico
• Expert: FAP fiscal reform vote of confidence in Pemex Oil 27/Aug/08 - Mexico
• Expert: FAP fiscal reform a vote of confidence in Pemex Privat 27/Aug/08 - Mexico
• Report: US authority approves Pemex El Paso-Juárez pipeline project Oil 27/Aug/08 - Mexico
• FAP reform proposal would prohibit private investment in production  26/Aug/08 - Mexico
• Expert: FAP proposal more coherent than PAN's Oil 26/Aug/08 - Mexico
• FAP reform would eliminate Pemex subsidiaries, union board members Oil 26/Aug/08 - Mexico
• FAP reform would eliminate Pemex subsidiaries, union board members Privat 26/Aug/08 - Mexico
• Report: PRI eliminates privatization clause from party rulebook Oil 25/Aug/08 - Mexico
• Analysis: Latin America sets sights offshore Oil 12/Aug/08 - Regional
• Pemex: Tula optimal site for new refinery Oil 04/Aug/08 - Mexico
• Magazine: Petrobras to top Pemex as Latin America's biggest company Oil 30/Jul/08 - Regional
• Baker Hughes Latin American profits up 22.5% in Q2 Oil 23/Jul/08 - Regional
• FAP advisor: Oil profits should fund development Oil 25/Jun/08 - Mexico
• Capstone to provide US$1.5mn in equipment for Pemex Oil 17/Jun/08 - Mexico
• Pemex drilling tender for northern region draws 3 Oil 23/May/08 - Mexico
• Official: Reliance to acquire 90% of Pan Andean's block 141 Oil 28/Apr/08 - Peru
• Schlumberger CEO: Energy reform would be positive Oil 18/Apr/08 - Mexico
• Analysts doubt success of reform's refining measure Oil 11/Apr/08 - Mexico
• Energy reform proposal would allow private participation, incentives Oil 09/Apr/08 - Mexico
• Report: Petrobras offers Pemex minority stake in deepwater project Oil 15/Feb/08 - Brazil, Mexico
• Analyst: Reform likely to include cross-border alliances Oil 13/Feb/08 - Mexico
• Study: Pemex productivity slips 3.78%, Petrobras 0.65% Oil 13/Feb/08 - Brazil, Mexico
• Analyst: Chicontepec challenges being downplayed Oil 12/Feb/08 - Mexico
• Pemex, ExxonMobil renew co-op deal Oil 04/Feb/08 - Mexico
• Reliance converts evaluation deal into E&P contract Oil 11/Dec/07 - Colombia
• SthAm to become net PE, PP exporter by 2011  27/Nov/07 - Regional
• Altamira to begin 8.61Mm3/d imports in Jan Oil 21/Nov/07 - Mexico
• Parker rigs 268, 271 likely to stay in Colombia Oil 08/Nov/07 - Colombia, Mexico
• GPA Energy awards Parker Drilling rig contract Oil 07/Nov/07 - Mexico

Related Research Reports

• Fitch Rates PEMEX's US$1.5B Notes & $US500MM Bond Issuances 'BBB'
• S&P: Pemex Project Funding Master Trust Issue Rated 'BBB+'
• Fitch - Mexican Debt Market: A Diagnosis
• Fitch: Latin American Oil and Gas 2008 - Mixed Results Despite Record Crude Prices
• S&P: Pemex Project Funding Master Trust Notes Rated 'BBB+'
• Fitch Rates LatAm Walkers Cayman Trust, Series 2006-101
• LatAm Oil & Gas, 2007 Year in Review & Outlook for 2008
• Fitch Rates Pemex's 2018 US$1B & 2038 US$500MM Bond Issuance 'BBB'
• Fitch: Latin American Structured Finance 2007 Year in Review and 2008 Outlook

Management

Other Contacts

Ownership & Operations

Market Information

Top Competitors

Other Sector Players

Cost & Financing

This company profile does not contain
information related to this area.

Necessary Procurement

This company profile does not contain
information related to this area.

Implementation