Global profile remains stable in light of sovereign support but the production decline hurts the Mexican NOC's stand-alone profile.
Former Pemex advisor Luis Miguel Labardini looks at the underlying dynamics of downstream investment in Mexico, regulatory processes and a possible capital boost for federal oil company Pemex.
Not all are convinced, though, and critics call for greater action and transparency.
Resumption of operations at Paulínia Refinery (Replan)
Petrotrin exits oil refinery business to reinvent itself