Mexican Government

Calderon takes to Petrobras as an example for Pemex 19 August 2009 for the Mexican President, Felipe Calderon, the model to follow for Pemex is Petrobras (BVSP:PETR3;NYSE:PBR), with whom the Mexican oil company intends to be associated. What is what is suggesting Calderon with the Petrobras model? Expectations for the potential benefits of this Alliance are interwoven with the difficulties for its concretion and fears of a potential privatization of Mexican petroleum resources. Petroleum resources represent a basic source of income for the Mexican Government. The gradual and continuous deterioration that Pemex has had in recent years generated a sharp decline in oil resources (and therefore tax), which resulted in a strong debate about alternatives to the State oil company to restructure itself and regain production capacity. One of the latest ideas of the Mexican President, Felipe Calderon, is linked to Brazil. Petrobras is a case of success in development of resources energy for Brazil and is why it is worthy of emulation. The possibility of an alliance with Petrobras where Brazilian oil company could enter to work with Pemex to the oil production in Mexico is a good alternative to prevent opening the national oil company to private capital.

The agreement covers topics such as refining, petrochemical, exploration and production of hydrocarbons, but also extend to issues of energy efficiency and biofuels. Will be only an Alliance that Calderon intends to or aim to show the benefits of the model Petrobras, whose 60% of the capital is in private hands, to convince the population? I can not fail to mention that Petrobras, to become one of the largest companies in the world () recorded a significant structural change, said Calderon. The comparative results between Pemex and Petrobras are notorious. In the last decade, the Brazilian oil company went from a daily production of 800,000 barrels of daily oil to the current that is around 2 million barrels a day, while Pemex spent in the same period of producing 2.6 million barrels per day of oil to the almost 2 million today.

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