Viernes 22 de Marzo 2019
In Facebook Twitter In
The energy reform transforms Pemex from a state monopoly into a productive state-owned company. (Photo: Pemex)
Tuesday, December 17, 2013
Special Reports

Mexico Energy Reform: Key Points


An executive summary of Mexico’s Energy Reform approved on Dec. 12, 2013.  

LATINVEX SPECIAL
Estrategia Publica

A quick overview of Mexico’s historic energy reform.


--Constitutional Reform.

--Establishes types of contracts, which must be, among others: services, profit-sharing, production sharing and license.

PEMEX

--Transforms Pemex from a state monopoly into a productive state-owned company.

--Set up a Mexican Petroleum Fund (public trust) to administrate the State income derived from contracts.

--Establishes a round zero for Pemex. Pemex must submit to the Ministry of Energy the exploration and production areas of its interest and prove its technical, financial and operational capacities, for its allocation.

--Contracts may migrate from a contract modality to another, previously authorized by the Ministry of Energy. 

--The National Hydrocarbons Commission will be responsible for the tender processes.

ELECTRICITY

--Transforms Federal Power Commission (CFE) from a state monopoly into a state-owned productive company.

--Creates the National Center for Power Management which will operate the national power system and the wholesale power market.

--Strengthens the Energy Regulatory Commission (CRE).

GAS

--Creates the National Center for Natural Gas Control responsible for operation of the national pipeline system and storage.

--Strengthens the National Hydrocarbons Commission (CNH)).

MINING

--Mining concessions confer no rights to hydrocarbon exploration and extraction. The law will provide for mechanisms for the coexistence of mining concessions and hydrocarbons contracts.

 


 

TIMELINE FOR ENERGY REFORM

 

Concept

90

days

120

days

180

days

365

days*

2

years

 Legislation for contracts

 

X

 

 

 

 Legislation for Pemex

 

X

 

 

 

Transformation of Pemex  into productive state-owned company

 

 

 

 

X

Mexican Petroleum Fund

 

X

 

 

 

Pemex requests the allocation of areas for exploration and production

X

 

 

 

 

Allocation resolutions for Pemex

 

 

X

 

 

Legislation for the Federal Power Commission (CFE)

 

X

 

 

 

Transformation of the Federal Power Commission into productive state-owned company (CFE)

 

 

 

 

X

Creation of the National Center for Power Management

 

 

 

X

 

Rules for the renewal of Commissioners  of the Energy Regulatory Commission (CRE)

 

X

 

 

 

Creation of the National Center for Natural Gas Control

 

 

 

X

 

Rules for the Renewal of the Commissioners of the National Hydrocarbons Commission (CNH)

 

X

 

 

 

Legislation for the  Protection and care of the Environment

 

 

 

X

 

*In all cases, timeline are calendar days after publication of the Decree.

Source: Estrategia Publica 

 

  Other articles in : Special Reports
Back to Special Reports