Pemex signs for OpenLink’s Endur

Pemex Gas Petroquímica Básica will use Endur to manage its physical and financial natural gas transactions, including for identifying and documenting hedges that fall under FAS 133 requirements.

The petroleum company made the decision due to the increased volatility and complexity of the natural gas markets. After identifying an aggressive forward-looking business strategy, said Pemex, it realised it would need to replace the multiple in-house systems used to manage and report on positions

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