Insight
AMLO's energy policy: Mexico's hydrocarbons trade on the verge of change
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 26 December 2020, Mexico's economy ministry (SE) and the energy ministry (SENER) published, on the official gazette of the federation (DOF), new requirements for obtaining import and export permits for hydrocarbons in Mexico. One of the main changes in the current framework is the removal of 20-year permits, which are being replaced by five-year permits, with the possibility of one renewal. This modification to the regulatory framework is in line with one of President Andrés Manuel López Obrador (AMLO) administration's objectives: achieve fuel self-sufficiency and no crude oil export availability by 2023.
Table of contents
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What are the main changes from the previous regulatory framework?
- On the crude exports side, for obtaining a 1-year permit, the interested company will have to:
- On the oil products imports side, for obtaining a 1-year permit, the interested company will have to:
- To obtain a final permit to import and export petroleum products and hydrocarbons valid for five years, the applicant must meet the requirements for carrying out the activity for one year, in addition to showing:
- On further changes:
- How does the crude production and commercialization work in Mexico?
- How will Mexican crude be traded by 2025?
- How will the Mexican oil products balance look like by 2025?
- Who will meet the Mexican import requirements in the next five years?
- Conclusion
Tables and charts
This report includes the following images and tables:
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Figure 1. PSC contracts production forecastFigure 2. License contracts production forecastFigure 3. Crude production outlook by private company
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Figure 4. 2020 – 2025 Mexico crude available for exports by qualityFigure 5. 2020 – 2025 oil products deficitTable 1. Volume authorized for product imports by company and fuelFigure 6. Deficit by product versus import capacity
What's included
This report contains:
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