PEMEX
Weekly Roundups
A week after being announced, PEMEX’s online contract database has received quite a bit of attention. This and more in this week’s roundup!
Jorge Juárez
Expert Contributor
Jorge Juárez
Director General
Mexican Asociation of Oil Service Enterprises - AMESPAC
http://amespac.org.mx/
PEMEX faces several hurdles in reaching its stated goals. AMESPAC’s Jorge Juárez details the issues.
Project Execution and Supply Chain Resilience Image Video
Video
Focus on the main issues from a supply chain perspective, kicking off with how delayed payments from PEMEX to companies have been overcome.
Project Execution and Supply Chain Resilience Image
News Article
Though COVID-19 has caused concerns, it should be a time for reinvention in the supply chain.
Antonio Juárez
View from the Top
Antonio Juárez
Director General
AMESPAC
Director General discusses the importance of establishing a good relationship with current administration so that concerns are addressed.
MOGS 2019
News Article
Mexico Oil & Gas Summit 2019: Clarity Needed to Boost National Content panel highlights
oil&gas2019
News Article
one of the biggest challenges in the determination of proper national content strategies is the lack of verifiable information available...
Antonio Juárez
View from the Top
Antonio Juárez
Director General
AMESPAC
AMESPAC creates consensus and develops proposals for its associates to improve the performance of the Mexican oil and gas sector
Roundtable
Jesús Rodríguez
Jesús Rodríguez
Founding Partner
Rodríguez Dávalos Abogados

Filing lawsuits against PEMEX was not advisable due to the complexity of the situation. The fault does not lie with PEMEX because it was a public finance issue. PEMEX and CFE’s treasuries are run by the Ministry of Finance and companies should understand the risks when they agree to do business with them. The first influencing factor was the drop in oil prices, which changed drastically after many contracts had already been signed. Secondly, the previously strained relationship between PEMEX and the Ministry of Finance negatively impacted the NOC’s ability to make payments. PEMEX has now started to pay providers, focusing its efforts on smaller companies. This causes issues because if the larger companies are not paid there is a chain reaction and they cannot pay their subcontractors.

Hit by severe liquidity problems, PEMEX was US$8.5 billion in debt with its suppliers at the end of 2015.
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