Although it is expected that the oil prices are lower and the Mexican export mix has a value of 36.24 dollars per barrel, the energy reform is not in danger, assured Energy Secretary, Pedro Joaquín Coldwell. “The energy reform is very broad and not only involves contracts for exploration and production of hydrocarbons, It is a substantial part but it is not the only”, He said at the end of their participation in the 50 anniversary of the Mexican Institute of petroleum (IMP).

Although he acknowledged that the oil prices will remain low. “We do not see a change in market toward better conditions, We can not see it in the short term”. On the other hand, delays in payments of Pemex to its suppliers are the product of the low incomes of the oil, the Secretary of energy said..

“There is a plan that is being developed concerning the direction of Pemex, but you must take into account that finally it is a company whose main income is the sale of crude oil and revenues from Pemex have been reduced more than half with the fall in oil prices and have to adjust their spending and should impact your environment”, detailed. “This is a very regrettable consequence but these are times that we are living and we have to adjust".

Revenues from Petroleos Mexicanos (Pemex) have been reduced more than half with the fall of oil prices and then have to adjust your expenses, said the head of the Ministry of energy (Sener), Pedro Joaquín Coldwell, After that is questioned about Pemex delayed payments to suppliers and when will regularize this situation, In addition to how the company finances will be improved.

The official explained: “There is a plan that is being developed concerning the direction of Pemex. But you have to take into account that it is finally a company whose principal income is the sale of crude oil, and Pemex revenues have been reduced more than half with the fall of oil prices. Then you have to adjust your expenses, and must therefore impact your environment”.

“This is a very regrettable consequence, but they are the times in which we live and have to adjust”, He stressed to be interviewed after his participation in the ceremony of the 50 anniversary of the Mexican Institute of petroleum (IMP), carried out in the headquarters of this organization, located to the North of the capital of the country.

After insisting you if more late payments will continue seeing providers, He said not knowing and clarified that this is a function which corresponds to Petroleos Mexicanos. “It is not a function of the Secretary of energy, but Pemex is looking for financial resources in order to have greater liquidity”, stressed.

In another order of ideas, to lead this event on behalf of the President of Mexico, public server spoke of the energy reform and pointed: “With her, We are turning Mexico into the main flow of global change. With her, We untied forces which will enable us to navigate the choppy waters of international markets”.

On the other hand, at that meeting, held in an auditorium of the IMP, Pedro Joaquín Coldwell said: “In the first place, I would like to convey to all the warm and cordial congratulations of the President of the Republic, on the occasion of this 50 Anniversary. The President sends an acknowledgment Mr Director of this Institute (Ernesto Rios pattern), his team of collaborators, researchers and unionized staff that make possible the functions of the Mexican Institute of petroleum, in the field of research and technological development are met promptly”.

Source: - www.oem.com.mx