The oil company says its own refineries now supply 87 of every 100 liters it sells, up from 24 in 2018, and plans 1.8 trillion pesos of investment through 2030.
Sheinbaum also rejected Trump’s claim that cartels control parts of Mexico, and cited fentanyl crossings down over 60 percent and homicides cut in half.
Most of the money goes to generation, plus 140 billion pesos for gas pipelines, since power plants burn about 60% of the country’s natural gas.
President Sheinbaum’s daily press conference, with comments on single nationality, Morena’s anniversary, energy sovereignty, and the Lie Detector.
The Olmeca refinery, built under AMLO, hit a record 252,000 barrels per day in July, covering 19.38% of Mexico’s diesel and gasoline demand.
Sheinbaum casts unconventional gas as national security, but says no decision has been made yet. Texas already supplies 60 percent of Mexico’s gas through fracking.
President Sheinbaum’s daily press conference, with comments on inflation, Mexico–Peru relations, Ayotzinapa, US relations, energy sovereignty, audience rights, and México Canta.
A science panel urged banning unconventional gas in the Tampico-Misantla basin; two others stay under study only if deep saltwater, not fresh, is found.
President Sheinbaum’s daily press conference, with comments on energy sovereignty, water, audience rights, avocado exports, and infrastructure.
UNAM’s Fabio Barbosa says the commission still hasn’t found viable low-water fracking tech; Carlos Slim calls the business ‘irrational.’