Reuters received nine internal documents related to the energy ministry's request, including minutes from two meetings, as well as six letters and one email sent between the energy and interior ministries and the regulator.The rules, which were published June 23, seven months after being submitted by the regulator, seek to restrict how companies manage and account for the gas that comes to the surface as a byproduct of oil exploration and production.
It said the changes "could generate irreparable losses for the State Production Company" by making its infrastructure "of little viability." Two legal experts who reviewed the documents for Reuters said the energy ministry had overstepped in its request. Mexican law stipulates that the regulator has technical autonomy in making such rules.
At the same time, he has tried to assuage growing U.S. concerns about flaring and pledged during the recent COP27 climate conference to reduce greenhouse gas emissions.the highest levels since current records beganTwo of the letters and the email were sent by Arevalo, with Mexican Energy Minister Rocio Nahle copied. Her office did not respond to a request for comment.
The changes brought stricter evaluation and supervision of development plans for fields, including how gas is managed and accounted for when it comes to the surface.
Worst Managed Oil Company in the World Award goes to... 🥁🥁🥁🥁🥁 Pemex !
Mexico energy ministry exists to ensure wealth is channeled to the (few) right people. What's wrong with that lol!
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