Claudia Salazar/ Reform Agency
Sunday, January 15, 2023 | 08:15
CDMX.- The federal government calculated unrealistic expectations of oil production, which at the end of the six-year term will be a risk for the country’s finances, considered PAN deputy Mario Riestra.
Member of the Budget and Public Account Commission, indicated that the Secretary of Energy, Rocío Nahle, was never able to generate real figures on the country’s oil production.
REFORMA published this Saturday that the Ministry of Energy estimates that the production of Petróleos Mexicanos is one million 571 thousand barrels of oil per day, which is one million barrels less than the goal established at the start of the current Government, and which was later adjusted in two million.
Added to this, Pemex is the most indebted oil company in the world and operates below international standards.
“The problem will also become a financial stumbling block. The erroneous expectations regarding oil production will reduce the expected income.
“On the other front, Pemex will demand more and more resources to clean up its indebtedness. This will limit the already narrow margin of action in Mexican public finances. We warn of a real risk of the end of the six-year term,” said the Puebla legislator.
Riestra stated that the oil production estimates of Secretary Rocío Nahle have no support.
“They are absolutely unrealistic and have been so since the six-year term began,” he said.
He recalled that when the great agreement promoted by OPEC and the United States was given to contain the high oil prices during the Covid-19 pandemic, on that occasion, Mexico refused to cut oil production.
“The incredible thing is that the figures that Rocío Nahle raised were never reached.
“The decline in oil production is something that this Administration does not want to see and, given the denial of reality, they have not been able to reverse the situation,” he criticized.
He cited that unfortunately Pemex is the most indebted oil company in the world and has not been able to acquire sufficient technology to drill and take advantage of existing deposits, which, he estimated, will further complicate its financial recovery and the possibility of increasing oil production.
