Sheinbaum said data centers should serve Mexico’s own AI, not other countries, with the power that runs them kept under public-sector control.
In a video call, the two presidents advanced a June memorandum pairing the state oil firms on Gulf of Mexico exploration, refining, and fuel marketing.
Pemex, Mexico’s state-owned oil company, cut its debt while hydrocarbon output rose 4.6% and sales revenue jumped 30.3% year on year.
The non-binding, two-year pact grew out of a March proposal by Lula to Sheinbaum; Petrobras eyes Gulf of Mexico deepwater, mature fields, refining, and fertilizers.
Every peso spent on prolonging gas dependency is a peso not invested in electricity transmission, battery storage, distributed solar generation, wind power, energy efficiency, demand management, or grid modernization.
Brazilian President Luiz Inácio Lula da Silva referenced the South American company’s experience in deep-water operations in his offer to Mexican President Sheinbaum.
Among the protesters will be the SME electrical workers union, demanding a review of the dissolution of the Luz y Fuerza del Centro public utility.
The director of Mexico’s public energy enterprise identified energy justice, the prohibition of profit-making, planning and expanding internet services as key elements advancing the re-socialization of the utility.
Mexico ceased to be energy sovereign in 2014, but rebuilding state-owned enterprises gives it the flexibility and capacity to avoid Trump using energy as a weapon to extract concessions and halt the national development of strategic sectors. Europe is too far gone.
The Spanish multinational acquires Iberdrola Mexico for $4.2 billion; will invest $10.7 billion over five years, including Public-Private partnerships with CFE.