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Mexico hydrocarbons watch

Bnamericas Published: Friday, December 11, 2020
Mexico hydrocarbons watch

Mexico’s energy ministry (Sener) has proposed changes to regulations that would toughen requirements for import and export permits for fuel, hydrocarbons, and petrochemical goods.

Some changes involve applicants having to prove that hydrocarbons exports would not impact domestic supply. They would also eliminate 20-year permits, which would remain valid for five years and could be extended only once for another five.

Additionally, Sener could consult state-owned companies before deciding on a permit. Under the changes, applications would be automatically rejected if the ministry does not issue an approval within 12 business days.

And the regulation also updates procedures and demands more detailed requirements aimed at ensuring the import or export activity requested will be used only for the purposes presented in the application.

The proposal is open to industry comments and can be accessed here, in Spanish.

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Two explosions were registered at the Cadereytá refinery in Nuevo León, according to the state's government.

The accident was related to natural-gas activity and resulted in five contractors suffering mild injuries, the government said on Twitter.

NOC Pemex, the refinery’s owner and operator, said also on Twitter it registered “a loud noise that did not cause major personal or material damage,” adding the causes are being investigated.

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Fuel sales industry trade group Onexpo estimates the fuel sale sector will invest 6bn pesos (US$300mn) in 2021 in the country’s 12,700 service stations.

A significant portion of the investment was originally planned for 2020 but had to be pushed back due to the COVID-19 pandemic, Onexpo said in a release.

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