The Director General of the Mexican oil company Pemex Emilio Lozoya, will step down amid a drop in crude oil prices which has hit Pemex hard.

Lozoya, who held the post since the beginning of the government of President Enrique Peña in December 2012  will be replaced by José Antonio González Anaya, currently director general of the Mexican Social Security Institute (IMSS), according to local media versions. which cannot be confirmed.

Emilio Lozoya, who was part of the campaign team Peña, has faced one of the most difficult stages of the low oil trend, burdened by a heavy tax and battered by the collapse of oil prices and budget cuts.

President of Mexico convened a media message at 16:00 on Monday, but did not specify why. This morning, officers of social communication of the company said Lozoya was working in his office as usual and confirmed that he was leaving the company.

Source: - http://www.cnnexpansion.com/economia/2016/02/08/emilio-lozoya-dimitiria-como-titular-de-pemex-fuentes