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Home Economy

Pemex Will Bet on Renewable Energy: Víctor Rodríguez

Mexico's President-elect, Claudia Sheinbaum, announced that the current director of the oil company, Octavio Romero, will remain in the cabinet, with more details to be revealed soon.

T21 Media by T21 Media
26 August, 2024
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The next director of Petróleos Mexicanos (Pemex) , Víctor Rodríguez Padilla, announced that the oil company will not only focus on the hydrocarbon sector, but will also be present in the renewable energy sector during the next six years.

“Pemex is not going to limit itself to making oil, gas, condensate and everything it has always done. No, now we are going to do new projects, we are going to have associations with society, with universities, with businessmen to do the projects of the future. We are going to make wind energy, offshore wind, solar, strategic materials,” he stated at a press conference.

He mentioned that 88.8% of energy consumption comes from fossil sources and Pemex must contribute towards moving towards a future where the energy sector is less aggressive with the environment.

He announced that crude oil production will be maintained at 1.8 million barrels per day  to supply refineries, and recognized that during this six-year period important progress was made to increase production from 1.6 million barrels.

“Another achievement is the reduction of debt, Pemex was forced to go into debt to pay taxes and had one of the most aggressive tax regimes in the world,” he indicated.

He stated that in the last six years progress has been made in rescuing Pemex,  after the company was destroyed by neoliberal policies.

“They gave us a devastated company in ruins with refineries falling apart and we are in the process of increasing capacity, improving the refineries, we limit imports and we are close to reaching self-sufficiency. “It has been an effort to rescue a company that is reviled in the media, but it has given so much to Mexico,” he said.

During the announcement of the appointment of Rodríguez Padilla as director of Pemex, the elected president of Mexico, Claudia Sheinbaum, also announced that the current director of the oil company Octavio Romero will remain in the cabinet, and will give the details soon.

Who is Víctor Rodríguez Padilla?

Rodríguez Padilla has worked mainly in the academic field, he is a physicist and a master in energy engineering from the National Autonomous University of Mexico ,  he has a doctorate in Energy Economics from the University of Grenoble, France.

He has also been an advisor in the Senate of the Republic, the Chamber of Deputies and the Superior Audit of the Federation.

 

Tags: EnergyPEMEXUNAM

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