Carlos Slim Takes Over Macavil, the 'Crown Jewel' of Pemex's Mixed Contract Round
Carlos Slim has secured a major contract with Pemex, further strengthening his relationship with the state-owned oil company in Mexico.
Carlos Slim, Mexico's wealthiest man, has solidified his connection with Petróleos Mexicanos (Pemex) by winning one of the first contracts under a mixed development scheme that combines public and private investment, as confirmed by Pemex's director, Víctor Rodríguez Padilla. On February 27, the director detailed the awarding of seven mixed contracts to Mexican companies, including one linked to Grupo Carso, Slim's conglomerate. Additionally, three other contracts are currently under competitive review.
Rodríguez Padilla emphasized that Pemex will continue to assess new projects utilizing this mixed investment model, aimed at enhancing production in partnership with the private sector. He noted that these initiatives are crucial for supplying the National Refining System (SNR), which now encompasses seven refineries, including the newly incorporated Olmeca refinery. This development represents a significant shift in Pemex's operational strategy, aiming to increase collaboration with private enterprises to boost the nation's oil production capacity.
The success of Grupo Carso and other firms in securing Pemex contracts underlines a lucrative opportunity within the Mexican oil sector, which is traditionally dominated by state-run enterprises. As Pemex seeks to modernize and improve its efficiency through public-private partnerships, the implications of these contracts may pave the way for greater investment and technological advancements in the Mexican energy landscape, potentially benefiting the broader economy and energy independence.