In Round 0, held in March 2014, the Mexican government awarded Pemex 103 oil blocks, containing much of country’s proved and probable reserves. At the time, then CEO Emilio Lozoya Austin announced very upbeat forecasts and declared that such areas would guarantee Pemex’s viability. Since then, however, amid the global fall in oil prices and
Allegations of corruption in the federal government, and more specifically at Pemex, have re-emerged in Mexican media since late February, when the Superior Audit of the Federation (ASF) released a study on the management of the federal budget in 2015. The ASF, the government agency in charge of overseeing expenditures at the federal level, revealed
A little more than a year ago, on 7 February 2016, President Enrique Pena Nieto announced the resignation of Pemex CEO Emilio Lozoya Austin and the appointment of Jose Antonio Gonzalez Anaya to head the country’s largest company.
Gonzalez had a bumpy start as Pemex’s CEO. Less than a month after his appointment, he had