The Mexican Government has presented Pemex's 2025-2035 Strategic Plan, which aims to pay the company’s debt and guarantee its economic viability. The plan consists of thirteen goals set for the company, which include consolidating its crude oil production (goal to reach 1.8 mb/d) and expanding its natural gas production and its gas pipeline network with the construction of three new pipelines. It also aims to grow its production of refined products (gasoline, diesel, ammonia, and other petrochemicals), to construct new cogeneration power plants (Tula, Salina Cruz, Cangrejera and Nuevo Pemex), to commercialise energy sources other than hydrocarbons (solar, wind, geothermal, H2 and biofuels), to produce lithium from oil brines and to reducte its GHG emissions by 14%.
Additionally, the Government presented the company’s Comprehensive Capitalization and Financing Strategy, which consists of a series of measures to be applied between 2025 and 2026 to ensure Pemex’s self-sufficiency by 2027. The package includes the establishment of a new tax regime to capitalize Pemex (the Oil Right for Welfare, which will be set at 30% for oil and 11.63% for non-associated gas) and the development of mixed projects through an investment fund, among other administrative measures.
The state-owned Pemex has been facing financial difficulties for the past 9 years, mainly due to weak hydrocarbon prices, a decrease of its oil and gas production, and the low operating efficiency of its refineries.
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