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Can Rodríguez Turn Around Mexico’s Pemex?

Academic Víctor Rodríguez was tapped in August as the next CEO of Mexican state oil company Pemex. // File Photo: National Autonomous University of Mexico.

Mexican President-elect Claudia Sheinbaum on Aug. 26 tapped Víctor Rodríguez, an academic from the National Autonomous University of Mexico, to be the next CEO of state oil company Pemex. With a debt of $100 billion, Pemex is the world’s most indebted energy company. What reasons were behind Sheinbaum’s selection of Rodríguez, and what will he bring to the role? What does his appointment say about Sheinbaum’s plans for the state oil company? How likely is Rodríguez to help develop renewables and alternative forms of energy?

Larry B. Pascal and Carlos Alva, members of the International Practice Group at Haynes and Boone: “Given the challenges that Pemex faces, the Sheinbaum administration was seeking somebody that it was familiar with, who shares the same energy policy outlook and who enjoys the confidence of the President-elect. Víctor Rodríguez fills these requirements, as he is a professor of energy engineering at the UNAM who has published papers on energy issues with President-elect Sheinbaum. The appointment suggests the president-elect was seeking a person of confidence to manage Mexico’s largest state-owned company. Rodríguez will seek to improve Pemex’s operations, maintain its current oil production at 1.8 million barrels per day and strengthen the national refining system. He presumably will…”

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About the Energy Advisor

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.


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Gene Kuleta

Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Nili Blanck

Reporter