The energy regulatory commission (CRE) of Mexico has cancelled 139 permits awarded to private oil and gas companies to commercialise oil, condensates, NGL, petroleum products and natural gas in Mexico, considering that they had not registered activities for more than one year. According to the Secretary of Energy, the number of private permits has been reduced from 1,053 in 2018 to 68, discharging permits for not having been used or for alleged illegal practices.
The 2013 energy reform set the conditions for opening of the state-controlled oil sector to allow private investors to partner with Pemex and it opened the mid- and down-stream sectors to private companies. The Secondary laws (a package of more than 20 laws setting out fiscal and regulatory terms for the implementation of the energy reform) were approved in 2014. The permits allowed private companies - such as Iberdrola or Shell, which were granted 30-year permits in 2015 - to import gasoline and natural gas to Mexico. The new administration is seeking to reverse this market opening, introducing new preferences for Pemex.
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