Image credits: SENER
Weekly Roundups

Hydrocarbons Reform Approved by Chamber of Deputies

Fri, 04/16/2021 - 10:38

With 292 votes in favor and 153 against, a proposal to amend the legal framework surrounding Mexico’s hydrocarbon sector was approved by the Chamber of Deputies on Wednesday, reports El Financiero. This new law has been presented as an attempt to support the fight against illegal fuel commerce by limiting the number of permits issued to fuel buyers. SENER will be setting up new minimum storage infrastructure requirements that all downstream retail and trade companies will be expected to fulfil if they want to remain in the market. The proposal was originally sent by President López Obrador to Congress in an explicit bid, per the president's own words, to strengthen PEMEX’s position within these markets. Members of opposition parties who voted against this law made clear that the judicial ramifications would create a number of obstacles to the reform’s future implementation. For now, the law will be sent to the Senate, where it is reportedly expected to be passed in a “fast-track” fashion.

Ready for more? Here’s the Week in Oil & Gas!

Energy Security is More Important Than Business: Nahle

In an interview with Forbes, SENER head Rocio Nahle made clear that she stood by the president’s intentions to prioritize national sovereignty and self-reliance in energy matters above business and investment interests. “Peña Nieto’s Energy Reform prioritized competitiveness; we prioritize security. This represents a radical change. Maintaining the competitiveness of private players was becoming an enormous expense for the nation,” said Nahle.

Lozoya Accuses PAN Lawmaker of Involvement in Corruption Scheme

As part of his cooperation with authorities over corruption allegations during his time as leader of PEMEX, Emilio Lozoya Austin has made public his accusations of criminal association and money laundering against former PAN senator Jorge Luis Lavalle Maury, reports El Financiero. As a result of this, judge Marco Antonio Fuentes Tapia has now issued an arrest warrant for the former lawmaker based on the conclusion that the evidence is currently sufficient to begin trial proceedings against him and also because of his status as a potential flight risk.

Ninety Days of Repair Downtime Needed for Lazaro Cardenas Refinery: PEMEX

Following MBN’s report last week of a fire at the Lazaro Cardenas refinery in Minatitlan, Veracruz, PEMEX officials are now saying that the damages caused by the fire will take 90 days to repair, a time during which the refinery will have to go offline completely, according to El Economista. However, PEMEX engineers also said that one of the refinery’s productive cycles might be restarted no later than Apr. 30.  

Fuel Leak in Ecatepec Led to the Discovery of Clandestine Intakes

National Civil Protection Coordinator Laura Velázquez explained that last week's fuel leak in Ecatepec, State of Mexico, was a dangerously high explosive risk. "On Mar. 29, CONAGUA issued a report due to the presence of a gaseous odor at the El Caracol pumping plant, which had a record explosive rate of 70 percent." Velázquez explained that after the leak was detected, authorities found eight clandestine fuel intakes and four tunnels that were being used to steal fuel. Velázquez highlighted that 538 civil protection members worked more than 240 hours to close the intakes, resuming the operation of the oil pipelines and reducing the danger of explosion. Javier González Villar, Director of PEMEX, explained that on Monday it was reported that there was no risk of explosion.

The data used in this article was sourced from:  
MBN, El Financiero, El Economista, Forbes
Photo by:   SENER