Reforms and tightens legal framework on hidrocarbons
05 May 2021
On 5 May, a reform package for Mexico's Hydrocarbon Law entered into force. The reform grants the State new powers to exercise regulatory control over the distribution, storage, import and export of fuels and oil produced in the country. The amended text grants the energy Ministry (Secretaría de Energía) and the energy regulator (Comisión Reguladora de Energía) the power to revoke operation permits in the oil and gas sub-sectors under qualified circumstances. It also grants PEMEX (Petróleos Mexicanos) and other State-owned entities a preferential right to take over unused facilities from operators whose permits have been reverted.
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Type:
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Treatment and operation (Operational conditions)
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Industry:
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Manufacturing (Manufacture of coke and refined petroleum products)
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Sources:
