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AMLO's energy policy: Mexico's hydrocarbons trade on the verge of change

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12 February 2021

AMLO's energy policy: Mexico's hydrocarbons trade on the verge of change

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

    • 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 7 images and tables including:

  • Figure 1. PSC contracts production forecast
  • Figure 2. License contracts production forecast
  • Figure 3. Crude production outlook by private company
  • Figure 4. 2020 – 2025 Mexico crude available for exports by quality
  • Figure 5. 2020 – 2025 oil products deficit
  • Table 1. Volume authorized for product imports by company and fuel
  • Figure 6. Deficit by product versus import capacity

What's included

This report contains:

  • Document

    AMLO's energy policy: Mexico's hydrocarbons trade on the verge of change

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