Exclusive: Mexico's Pemex CEO, Close Ally of Sheinbaum ...
Sheinbaum is personally reviewing Pemex decisions as the company carries $79 billion in debt and struggles to attract private investment.
- Mexican President Claudia Sheinbaum is increasingly intervening in Pemex operations, creating competing centers of loyalty within the state oil company and casting doubt on the future of Pemex CEO Victor Rodriguez.
- Pemex is struggling under $79 billion in debt and $20.8 billion owed to suppliers, losing $2.6 billion in the first quarter while production lags at 1.6 million barrels a day, short of the 1.8 million target.
- Without Rodriguez's input, Sheinbaum has appointed directors to key posts in exploration, trading, and legal departments; some senior executives now report directly to energy or finance ministries rather than the chief executive.
- Rodriguez, a 69-year-old former academic, offered his resignation twice last year, but Sheinbaum persuaded him to stay each time, fearing the oil giant could slip from her control.
- Speculation about Rodriguez's successor has circulated, with Sheinbaum's chief of staff Lazaro Cardenas Batel mentioned as a potential candidate, as Sheinbaum balances foreign investment goals against nationalist pressure from predecessor Lopez Obrador's allies.
18 Articles
18 Articles
Víctor Rodríguez leaves the management of Petróleos Mexicanos (Pemex), as announced by President Claudia Sheinbaum, who mentioned that Juan Carlos Carpio will enter instead, until today director of finance of the oil company.Through a video from Palacio Nacional, the president confirmed his departure on Thursday, May 14, and explained that the movement is due to an agreement that they had, in which Victor Rodriguez would be at the head of Pemex …
Víctor Rodríguez Padilla leaves after 18 months the management of Petróleos Mexicanos (Pemex), as announced on Thursday by President Claudia Sheinbaum in a video published on her social networks. Rodríguez Padilla’s departure takes place in the midst of a financial restructuring of the oil company to reduce its high debt and when its production is difficult to go back. So far director of Finance of the state oil company, Juan Carlos Carpio Frago…
Reforma
elnorte.comJuan Carlos Carpio Fragoso, current Finance Director of Pemex replace V ctor Rodr guez as new director, inform Sheinbaum.
El Universal
marquesina.mxThe former director read a letter of thanks after having directed the oil company.
Víctor Rodríguez will leave the management of Petróleos Mexicanos (PEMEX) in the midst of the most complicated moments for the oil company. His management, which barely reached a year and a half, was marked by millionaire losses, operational accidents and a crude oil production that never managed to reach the goals set by the federal government. His departure takes place just months after the oil spill in the Gulf of Mexico, an episode that re-e…
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