Tamaulipas’ Energy Assets Spark Infra DevelopmentThu, 01/11/2018 - 11:18
Q: What steps have been taken to prepare for peak oil and gas activity in light of the state’s hydrocarbons resources?
A: The federal and state levels should fully commit themselves to capitalizing on the benefits of the Energy Reform. In the particular case of Tamaulipas, we have committed a large pool of financial resources to boosting the industry through measures such as creating a public structure focused on the hydrocarbons industry’s needs and its fast pace. To that end, we developed the Integral Strategy for the Energy Industry’s Development, which includes four guidelines for the state’s government. First, public infrastructure should be prioritized to serve the industry’s activities, particularly the Port of Tamaulipas, which will have an offshore terminal. Second, investment in human talent is required, as is the modernization of our education centers. Third, we should create and consolidate a competitive local supply chain to support operators in meeting their local content requirements. Finally, we need to generate investor confidence. It is important to highlight that preparing for the challenges of the reform’s application has been a strategy for Tamaulipas since day one, as we are confident that this industry represents tangible benefits for our society.
Q: What are the competitive advantages that make Tamaulipas a strategic and stable entity for investment?
A: As business leaders expressed in a survey conducted by the Mexican Institute for Competitiveness (IMCO), Tamaulipas is a state with an unbeatable location. We share a 370km border with Texas, and we have 17 border crossing points, five international airports, a refinery, three ports, natural gas processing plants, 45 industrial parks and a significant pipeline network. We have competitive advantages that turn Tamaulipas into a strategic state and economically sustainable receptor of investments. Moreover, we have a strong supply of human capital, market structures, specializations, territorial space control, easy access to raw materials and developed transport and telecoms infrastructure.
Tamaulipas has made the most of these assets to stand out as a favorable environment for investment and it is the No. 1 state in capacity creation for the diversification of export products that go beyond oil and gas. There is a wider spectrum of assets that add to the state’s competitiveness levels, such as the presence of suppliers and distributors or fiscal and regulatory incentives for companies willing to settle here. We are also invested in bringing about structural changes to create judicial certainty in deregulation of permits and processing times and a firm commitment to security. The government of Tamaulipas is devoted to governance and legality and works under a reliable business culture with a hydrocarbons industry that has been present for around 100 years.
Q: What is your approach to cooperation and competition among the country’s leading oil and gas states?
A: There are certain criteria set at a global scale to evaluate how investment flows will behave and these include judicial certainty to decrease investment risks, productive projects and transparency in regulations and the legal framework. In Tamaulipas, we have employed a different approach to other states to position ourselves based on our own assets and market conditions. We see our administration as a facilitator and as a strategic partner since we see productive activity, public administration and social benefit as a highly intertwined matrix.
Q: What will be your administration’s legacy for Tamaulipas’ oil and gas industry?
A: The planning and creation of new public infrastructure must always be aligned with the social and economic development of the state. Under this vision, the development of the Port of Matamoros will be one of the pinnacles of this administration, with infrastructure that will stand out as the legacy for offshore services, cost-effectiveness and operational efficiency. This is a result of the port’s strategic location facing the Cinturón Plegado de Perdido area.