Pemex ramps up risk management amid energy reform
Mexico's energy reform is leading state-owned oil and gas giant Petróleos Mexicanos to boost its risk management activities and consider new strategies for commodity hedging
Petróleos Mexicanos (Pemex), Mexico’s state-owned oil and gas giant, is stepping up its risk management activities amid drastic reform of the country’s energy sector.
“In energy reform there are many challenges for Pemex,” says Antonio López Velarde, the firm’s head of financial risk management. “We aim to become a state-owned, productive company – we will have a different discount regime, new
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