Grupo Carso, a Mexican conglomerate led by billionaire Carlos Slim, has announced the signing of a mixed contract with Pemex, Mexico's state-owned oil company. This contract is aimed at developing the Macavil land field located in southern Mexico, which is expected to yield condensates and natural gas. The agreement represents a significant step in strengthening the collaboration between Grupo Carso and Pemex, particularly as both entities aim to improve the country's hydrocarbon production at a time when Pemex is in urgent need of substantial investment to elevate its output levels.

According to reports, Pemex has been facing challenges related to increasing production of crude oil and natural gas, prompting the need for partnerships with private companies. The Macavil field has proven reserves of approximately 33.7 million barrels of condensate and 409,100 million cubic feet of natural gas, making it a crucial asset for both Pemex and Grupo Carso. The signing of this contract is part of a broader trend in which Grupo Carso is enhancing its involvement in the local energy sector while establishing closer ties with the national operator in recent months.

The implications of this contract extend beyond immediate production increases; it highlights the growing role of private investments in Mexico's energy sector, particularly following recent government reforms aimed at boosting local production. By collaborating on projects such as Macavil, Grupo Carso and Pemex hope to not only meet domestic energy demands but also stabilize and possibly elevate Pemex’s financial position, thereby impacting the overall economy of Mexico positively.