Global Petroleum Show - Event Guide Event Guide | Page 21

LET’S TRANSFORM

THE INDUSTRY TOGETHER

Petroleos Mexicanos, also known as PEMEX, is Mexico’s sole
producer of crude oil, natural gas and refined products–as well
as the most important source of government income. It is also
the most important company in the country.
Worldwide, PEMEX is the fifth producer
of crude oil, and one of the few oil
companies that develops the entire value
chain of the industry, from exploration
to distribution, and commercialization of
all products. It ranks eighth among all oil
and gas companies and 36th in regards to
revenue on the Fortune Global 500.
It has a decentralized organization, with
a corporate office and four subsidiary
entities. The corporate office has five
main offices: Administration, Operations,
Finance and IT & Business Processes,
Procurement and Supply, as well as
a Communications office and a Legal
Department. The subsidiaries are: PEMEX
Exploration & Production, PEMEX Refining,
PEMEX Gas & Basic Petrochemicals,
and PEMEX Petrochemicals. It is also the
holding company to more than 40 affiliate
enterprises, of which, the most important
are PMI Comercio Internacional, the
company’s commercial branch abroad and
PPI, Pemex Procurement International.
The Business Plan defines the strategic
course of PEMEX under the mandate of
operational and financial sustainability, and
value creation, under the following tenets:

Growth: Increase oil & gas reserves
through new discoveries and
reclassification; increase oil & gas
production; increase and adapt
downstream capacity so as to secure
supply and maximize economic value;
develop the national petrochemical
industry through public-private
investment and optimize logistics and
hydrocarbon conditioning capacity.
Operational Efficiency: Improve gas
recovery & lower production costs
beyond world standards; improve
downstream operating performance
beyond industry average, and foster a
customer-oriented culture.
Corporate Responsibility: Guarantee
safe & reliable operations; improve
stakeholder relations, and social,
environmental and business sustainability.
Management modernization: Develop
human resources & productivity, create
value through efficient procurement
process & national content, support
growth and business improvement via
technological development, strengthen
process management & project

execution, and maximize the value of
international opportunities.
Mexico’s recent energy reform will allow
the company to improve its financial
position. Pemex will work more like a
corporation and less like a government
agency. Furthermore, it will be able to
examine ways to optimize its capital
base, and new ways to finance non-core
businesses. The reform also mandates
a comprehensive restructuring of the
company, seeking operational efficiency,
elimination of redundant processes and
maximization of revenues. There will
be a period of three years in order to
complete this ambitious project.
During this transition, Pemex will remain
the leading company in Mexico, with
greater access to technology, and will
embark on a gradual course to a much
more solid financial position. The company
plans to introduce a more dynamic and
efficient corporate structure, and develop
an arm’s length relationship with the
federal government.
The reform provides Pemex the means
to overhaul and improve the economics
all the way along the entire value chain.
PEMEX has the means and will have the
tools to become a better company and
stronger source of wealth and prosperity
for Mexico.

Learn more about how to work with PEMEX.
Visit Us At Booth #1056

www.pemex.com