Mexico Oil & Gas Summit 2015: PEMEX’s New Procurement Model & the Future of Local Content panel highlights

PEMEX has estimated savings of US$1.5 billion in four years from efficiencies created by the new procurement division.

First of all, the integration of PEMEX’s four subsidiaries, which saw their resources, people, and procedures centralized

There have been many efforts in the past to achieve some sort of centralization within PEMEX.

Highlights of The Mexico Oil & Gas Summit 2014

ITS was established to create value for Pemex, ensuring that its able to procure products and services at the best market rates and conditions.

The participation of private companies in the Mexican oil and gas industry is directly constrained by contractual relationships with Pemex.