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Mexican energy sector will receive private investment

Karla Salinas | 14.05.2015

A total of US$30 billion will be invested in various projects of the Mexican energy sector within the next 3 years.

A total of US$30 billion will be invested in various projects of the Mexican energy sector within the next 3 years.

Arturo Henriquez Autrey, Corporate Director of Procurement and Supply for Petroleos Mexicanos (Pemex) reported to foreign investors that the company’s budget for procurement is between US$13 and US$15 billion.

Erik Legorreta, President of the Mexican Association of Petroleum Industry (Amipe), said that about 30% of this capital will be invested during 2016, while 40% will be spent during 2017 on various projects, including infrastructure, services, drilling and exploration.

The projects will be conducted in industrialized areas and in the States of Mexico that are disconnected from the pipeline infrastructure such as Chiapas and Guerrero.

Meanwhile Mr. Henriquez stated that this year, Pemex will require services and supplies amounting US$33 billion and about half of these funds have already been allocated, leaving around US$15 billion available for new projects.

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