PEMEX and the Federal Electricity Commission (CFE) they may lose "the train of the energy reform" If you don't know to adapt to the new times, yesterday included several industry specialists. "The greatest danger is that she is lag does not take advantage of the opening and lose the market spaces. This is a political issue back, because we do not want that State enterprises are lagging behind", indicated the power lawyer Rogelio López-Velarde.

Policy instrument

Following his participation in the III Forum of energy strategies "are how the reform?”, the lawyer of the firm López-Velarde Heftye and Soria stressed the importance of these State-owned enterprises as "very important instrument of policy and the State budget." This opinion was seconded during the panel by the former directors of the CFE, Pemex Rogelio Gasca, who said that "the success of the energy reform passes through the success of a Pemex and a CFE strengthened" before an energy reform that may "landing" not be successful if these two companies give signs of weakness. Driven by President Enrique Peña Nieto, in the framework of the Pact by Mexico of 2012, This structural change led the private initiative to the oil sector after almost eight decades of State monopoly and also encouraged competition and opening of the electricity market in the country. "If Pemex and CFE won't be outdone, they have to accelerate their processes, strengthen their competencies and partnering with private companies", said the director-general of promotion to the energy and infrastructure of Mexico (EXI), Mario Gabriel Budebo. Both companies live low hours by the collapse of their finances, pushed by the collapse of oil prices and the depreciation of the Mexican peso against the US dollar. Sin embargo, specialists focused their criticism on Pemex, until the date of the extraction of hydrocarbons in the country, and one of their main sources of income. "Pemex did not believe in reform and was not prepared for this tight change", said Budebo, who urged the company, which doubled its net losses in the first half of 2015, to readjust to survive.

Improve the costs

At the same time, Gasca said that the oil company must work in the industrial part, improve the costs and inefficiencies, and negotiate the types of contracts, to rule out a reduction of staff. PEMEX and the Union of petroleum workers of the Mexican Republic (STPRM) reviewed in these days the contract that govern labour relations during the biennium 2015-2017. It's a key negotiation in order to reduce the bulky labor liabilities of oil, that amounts to 1.5 billions of pesos, equivalent to the 8% of the national gross domestic product. On the other hand, and despite the shortcomings of the State-owned companies, specialists welcomed the energy reform, albeit with certain non-existent nuances in the speech of the Minister of energy, Pedro Joaquín Coldwell, at the opening of the Forum. Budebo highlighted the correct speed in the implementation of the reform, avoiding that it stops despite the international context, Although it was considered a limitation the ability of getting capital in financial markets, especially for Pemex and CFE. Lopez Velarde said the "agility and transparency" of the same, While he stressed the lack of guidelines in various materials. "The reform is going well, but failure to land the", said Gasca, who stressed that the weak global economic environment will not help in this task. For the President of the business Coordinating Council (CCE), Luis Farias, Although the Ministry of energy has been "open" to users and entrepreneurs, Another problem is the lack of a clear regulation, especially in electricity. Coldwell announced yesterday the first auction of electric power in the country by October of this year, that will be predictably awarded in March of 2016. In addition, but just talk about the international economic situation and low oil prices, He also said that the Government will allow "an energy structure for Mexico completely", modernized"to the end of his mandate in 2018.

Energy reform

Energy industry experts spoke yesterday of the pros and cons of reform.

"Correct speed"

The director-general of promotion of energy and infrastructure of Mexico, Mario Gabriel Budebo, He praised "the correct speed in the implementation of the reform, avoiding that it crippled despite an international context". "Agility and transparency" Lawyer Rogelio López Velarde said the "agility and transparency" of the reform, Although he stressed the lack of guidelines. "You need to land the" "The reform is going well, but failure to land the", said Rogelio Gasca, who is former Director of Pemex and the Federal Electricity Commission. With information from EFE.

Source - La Redaccion