· They are designed to protect the environment and Mexicans’ health, he said. 

· These investments PEMEX will make, in conjunction with the private sector, are proof that, as the president noted during his speech at COP21, Mexico will continue to grow economically, creating greater development, and will be able to do while caring for and respecting our environment.

· The investments announced will allow the creation of 63,000 jobs, he said.

· The president announced the project for the restructuring and modernization of the CFE Technological Museum into what will be the new National Museum of Energy and Technology (MUNET).

Earlier today President Enrique Peña Nieto announced the investment projects to be carried out by Petroleos Mexicanos (PEMEX) in the next three years for $23 billion USD to produce cleaner fuels, among other actions.

"They are green investments, investments to protect the environment and Mexicans’ health,” he said.

The President explained that these investments, which will involve private sector participation, will permit the production of Ultra Low Sulfur Gasoline and Ultra Low Sulfur Diesel. It will also enable Waste Use in three refineries in National Refining System: Tula, Hidalgo; Salamanca, Guanajuato; and Salina Cruz, Oaxaca. It will make it possible to, “Make better use of and more effectively refine each barrel of oil that reaches these refining plants.”

“Today we will be able to achieve greater efficiency through this reconfiguration of the refining plants.” Investments will also allow the cogeneration of electric power, “Which will make PEMEX the country’s second largest electricity generator,” he said.

The President Peña Nieto said that, “We will now have cleaner fuels with a lower sulfur content, which will allow us to reduce the emission of greenhouse gases, which pollute the environment and affect Mexicans’ health. These are new investments for the benefit and care of Mexicans’ health.”

He stressed that these investments by PEMEX are proof of that, as he noted during his participation at the 21st Conference of Parties to the United Nations Framework Convention on Climate Change (cop21) held in Paris, “Mexico may continue to grow economically and generate further development and do so while caring for and respecting our environment.”

The president said that these investments have been made possible through Energy Reform, which allows private sector investment. "Had it not been so, in this complex, difficult global scenario, we might have had to resort to more borrowing, or prevent PEMEX from making major investments, or it would not have been possible to make the investments announced today,” he said.

To give some idea of the scale of the investments announced, the president explained that, it is almost twice the Mexico City government’s annual budget. This is the scope, he continued, “Of the investment being announced today, which will allow PEMEX to modernize and create approximately 63,000 jobs.”

President Peña Nieto said that a significant part of the investment announced today will be earmarked for the refinery in Tula: “Over 111.5 billion pesos,” which will also create thousands of jobs in this part of Hidalgo. “It will be one of the largest refineries in the PEMEX Refining System.”

He also announced plans for the restructuring and modernization of the Technological Museum (MUTEC) of the Federal Electricity Commission, in what will be the new National Museum of Energy and Technology (MUNET), with the participation of PEMEX, CFE and the private sector.

At the end of the event, the president was shown the executive project of the new MUNET, where he was given explanations by Carlos Ruiz Sacristán, President of the MUNET Board, and Enrique Norten of TEN Arquitectos, the designer of the executive project. The projected investment is $270 million USD.


Director General of Pemex Emilio Lozoya Austin said that the company envisages a promising 2016 despite current oil prices, in which it will begin a new stage of growth and value creation.

He said that investments for billions of dollars will be announced in which only third parties will be able to participate, which is only possible through the Energy Reform promoted by President Enrique Peña Nieto.

He said that, “These investments do not involve more debt for PEMEX; on the contrary, they involve risk investments by third parties, which combine their incentives with those of Petróleos Mexicanos.”

Lozoya Austin highlighted the achievements in 2015, such as four discoveries in shallow waters equivalent to 350 million barrels of crude, which will mean approximately 100,000 barrels per day of additional production and 90 million cubic feet of gas daily.

Two additional shallow water yields were found with 3P reserves of approximately 180 million barrels of equivalent crude oil, in which production of 40,000 barrels per additional day is expected, together with 25 million cubic feet of gas. "In addition, in deep waters in the Perdido area, we have incorporated gas and condensates at 350 and 170 million barrels of oil equivalent.”

He mentioned that this productive firm owned by the Mexican state is being transformed in four aspects: focus on the most profitable markets; implementation of process management; operational excellence, and above all, a cultural change, which, he stressed, is key and the only guarantee that the other changes that have taken place will be consolidated, since cultural transformation involves the transformation of each of the oil workers, he explained.

Investments in energy cogeneration, CONCRETE RESULTS OF ENERGY REFORM: CHICO PARDO

Jaime Chico Pardo, President and CEO of ENESA Energy Group, speaking with the representatives of Cactus Consortium, comprising Grupo Carso, Grupo Mexichem and Invenergy, said that the announcement of the PEMEX investment, “Reflects the concrete results of Energy Reform.”

Those results, he added, “Are beginning to translate into investments in cogeneration plants for over $3 billion USD, which will undoubtedly create significant job opportunities in various parts of the country.”

He said that the specific case of the Cactus cogeneration project, located in the Municipality of Reforma in Chiapas, will involve construction of a plant with 633 megawatts generating capacity and 480 tons per hour of steam, which will require an investment of $900 million USD and generate approximately 2,000 direct and indirect jobs.

He explained that the aim is to upgrade key PEMEX industrial facilities and improve their operating efficiencies without affecting the company's finances. Moreover, he added, these projects complement the supply of efficient, competitive energy in the national electricity market.

He also said that these investments currently establish a total estimated capacity of five thousand megawatts of clean energy, with significant reductions in greenhouse gas, thereby contributing to the renewable energy commitments, assumed by Mexico internationally.

ENERGY REFORM MAKES MEXICO more competitive, and creates jobs, more wealth and development: OLVERA RUIZ

Governor of the State of Hidalgo Francisco Olvera Ruiz said that despite the adverse global economic outlook, for Mexico, Energy Reform will mean a significant transformation for Petróleos Mexicanos, and that will allow the country to be more competitive, and create sources of jobs, more wealth and development.

He said the investments will directly impact the population of the region of Tula de Allende and the surrounding municipalities, in addition to benefitting the country’s environment.

He said that launching the first part of the Pemex plant in Tula, which is implementing clean fuels projects, “Is undoubtedly a concrete sign of the commitment by Mexico and our President.”

At the same time, Olvera Ruiz said that the state supports and monitors the state vision of President Enrique Peña Nieto, whose government, he said, has yielded concrete results in the first three results, and he hoped that the next three, “Will be crucial to consolidating the progress of major reforms in order to achieve the development that the country needs.”


Secretary General of the National Union of Petroleum Workers of Mexico Carlos Romero Deschamps told President Peña Nieto of PEMEX workers’ commitment to strengthening this industry, which is, “The cornerstone of our economic and social stability, an essential part of our future project.”

He said that in order to support the current administration and everything that lends viability to PEMEX, in conjunction with their Director General, they have sought working arrangements that will allow them to adapt to the new reality, without affecting oil workers’ rights, and they have built a healthy, productive working relationship with capable human resources and fair wages.

He told the president that the announcement of investments for major projects is encouraging, since they “Show your determination to take advantage of the new situation to expand the production expectations of PEMEX as a state enterprise.” He confirmed the workers’ commitment to, “Supporting everything that contributes to the consolidation of the industry and new industries.”


Alma Ruth Garcia Resendiz, Procurement Process Improvement Manager at the Procurement and Supply Department of Petróleos Mexicanos, said that PEMEX has been transformed and is experiencing a real cultural change because now the managers are betting on human capital.

"I am very excited to be part of a great project, a great change that I am proud to belong to, which is turning us into the best company in Mexico," she said.

She described the transformation of Pemex as a “historic moment,” in which workers, “Today more than ever need to be present to help our company thrive.”