Back

LatinNews Daily - 14 July 2020

In brief: Mexico’s Cofece criticises Pemex monopoly

* Mexico’s Comisión Federal de Competencia Económica (Cofece), an autonomous government institution responsible for promoting economic competition, has called for the federal energy ministry (Sener) and the energy regulatory commission (CRE) to adopt measures which promote competition in the oil sector and stop favouring Mexico’s state-owned oil company Pemex, which continues to administer 87% of the oil consumed in Mexico. In a statement, Cofece highlighted that diversifying the energy market would provide cheaper oil for customers, and recommended removing the excessive regulatory obstacles which make it difficult for Pemex’s competitors to obtain permits to import and sell oil. Cofece also advised that Sener publish the number of permit applications that the CRE receives, and make public the status of the applications.

End of preview - This article contains approximately 120 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.