production by operator
Analysis
Companies participating in Mexico’s oil and gas industry continue to thrive by achieving their long-term goals.
Abraham Zepeda
View from the Top
Abraham Zepeda
Commercial Director
Grupo Hosto
Abraham Zepeda, Commercial Director of Grupo Hosto, defends the hiring of local companies and talent in the Mexican oil and gas industry.
Abraham Zepeda
View from the Top
Abraham Zepeda
Commercial Director
Grupo Hosto
Grupo Hosto has 20 years of experience in the design, engineering, construction, maintenance and development of industrial infrastructure,
Abraham Zepeda
View from the Top
Abraham Zepeda
Commercial Director
Grupo Hosto
Grupo Hosto has over 20 years of experience in the design, engineering, construction, maintenance and development of heavy industrial infrastructure,
View from the Top
In the wake of the opening of the oil and gas industry in Mexico, the country's supply chain has become more important than ever.
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.
ABRAHAM BARUCH ZEPEDA Commercial Director of Grupo Hosto
View from the Top
Abraham Baruch Zepeda
Commercial Director
Grupo Hosto
In 2002, the refining sector experienced low production rates, which lowered the demand for maintenance services
Subscribe to Grupo Hosto