Oil production, without fall, affirms Romero Oropeza

Business

By CAPosts 15 October, 2020 - 07:37am 56 views

Mexico City. The production of Petróleos Mexicanos (Pemex) has not declined or fallen, we stopped growing due to the agreement with OPEC and the effects of the Covid 19 pandemic, explained the general director of the company, Octavio Romero Oropeza, for more than nine hours of appearance before the United Energy and Infrastructure commissions of the Chamber of Deputies, where he reproached the media campaign against the energy policy of the federal government and the oil company. I read your criticisms and comments that Pemex is a burden, it is a vision that shows supine ignorance. © Provided by La Jornada Pemex production has not declined or fallen, we stopped growing due to the agreement with OPEC and the effects of the Covid 19 pandemic, explained the company's general director, Octavio Romero Oropeza. Photo Cuartoscuro Romero Oropeza stated that he knew the ins and outs of the company and in an initial presentation of an hour and a half documented the relevance of the construction of the Dos Bocas refinery: because 70 percent of the gasoline consumed is imported and 56 percent of the diesel, same thing. Despite the extensive presentation of statistics and elements of judgment that it provided, the opposition, embodied in PAN and PRD, undertook it against the management of the oil company and demanded to overturn Pemex's business plan. The legislators asked for explanations of why in the middle of the indebtedness it is chosen to finance Dos Bocas with resources from the same company. The PAN called him a liar and demanded his resignation if he does not reach the goal of producing one million 951 thousand barrels of oil per day, next December, as he had promised earlier. Production does not decline The official claimed and demanded respect. I didn't like him calling me a liar. The PAN administrations did not care about production, and hence the decline. I am not Nostradamus, I am committed to the workers to continue working. He explained that, six years after the approval of the energy reform, of the 1,731 thousand barrels that are produced, 98.9 percent are produced by Pemex and 1.1 percent by private companies. In addition, he specified that the oil company does not depend on the Treasury. Gallery: Ejidatarios demand payment of 300 million pesos for land (Excelsior) “When someone asks for Pemex to disappear, how the kids say 'the net of the planet', they don't know what they are talking about, it is truly crazy. From January to September, Pemex contributed 443 billion pesos to the federal government. " Among the interventions of the opposition, the former leader of the PRI, Enrique Ochoa Reza, urged Petróleos Mexicanos to work on an environmental plan and replied to the information referring to the production of crude oil: "In this year's budget project approved an oil production of one million 951 thousand barrels per day, which includes public and private production. Currently, according to public data, there is a production of one million 633 thousand barrels per day. In your presentation, you spoke of 1,714,000 barrels a day. There are variations between the public data and what you have indicated today, but in any case, they are far from the million 951 thousand barrels per day that was approved in the budget for this year. For next year, an ambitious goal is also set, of close to one million 850 thousand barrels a day, but in light of what we are seeing in the data, the goal seems far from being achieved. Romero Oropeza stated that the decline in Pemex production was due to the agreement with OPEC to reduce production, however, production has not fallen, we have not declined, it is a lie. They took the data they wanted. It is not true. The Pemex administration plans to produce one million 944 barrels in 2021; in 2022, 2 million 100 thousand barrels, and in 2023, 2 million 230 thousand barrels. When approaching the construction of the refinery, he argued that Pemex is an income-generating unit that does not receive money from the government, except this year, since with fiscal resources, 46 billion will be granted to Dos Bocas. He also defended that the company that pays the most taxes is Pemex, and contributes 4 percent of GDP. To illustrate Pemex's conditions, he recalled that in 2018 “we received a debt of 106 billion dollars, today we owe 104 billion dollars, the interest rate is 5.5 percent and we paid 9 billion pesos for debt service, now we pay 6 billion. We are going to reach a primary balance of 949 billion pesos, we are going to pay 900 thousand in taxes and we will have 49 billion pesos left, and we are going to pay 100 billion pesos in interest.