Pemex in the context of the global oil company: investment policy and lessons learned
ABSTRACT The article analyzes Pemex’s investment policy for the period 1980-2019, based on the management of other oil companies. The central question is whether in the last four decades, it has been convenient for Pemex to be specialized in oil extraction, while other companies focused on the compr...
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| Format: | Article |
| Language: | English |
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Editora 34
2023-11-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572023000400936&lng=en&tlng=en |
| _version_ | 1797628779077566464 |
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| author | ANGÉLICA TACUBA SANTOS |
| author_facet | ANGÉLICA TACUBA SANTOS |
| author_sort | ANGÉLICA TACUBA SANTOS |
| collection | DOAJ |
| description | ABSTRACT The article analyzes Pemex’s investment policy for the period 1980-2019, based on the management of other oil companies. The central question is whether in the last four decades, it has been convenient for Pemex to be specialized in oil extraction, while other companies focused on the comprehensive development of the supply chain. The answer is negative. The sale of crude oil and the abandonment of refining made Mexico a net importer of fuels, a trend, which, today, is seeking to be reversed, in an environment of a high fiscal burden and high indebtedness of the company. |
| first_indexed | 2024-03-11T10:44:00Z |
| format | Article |
| id | doaj.art-63d84f4846c84284959c610393d08c36 |
| institution | Directory Open Access Journal |
| issn | 1809-4538 |
| language | English |
| last_indexed | 2024-03-11T10:44:00Z |
| publishDate | 2023-11-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-63d84f4846c84284959c610393d08c362023-11-14T07:47:05ZengEditora 34Brazilian Journal of Political Economy1809-45382023-11-0143493695410.1590/0101-31572023-3420Pemex in the context of the global oil company: investment policy and lessons learnedANGÉLICA TACUBA SANTOShttps://orcid.org/0000-0002-9721-2987ABSTRACT The article analyzes Pemex’s investment policy for the period 1980-2019, based on the management of other oil companies. The central question is whether in the last four decades, it has been convenient for Pemex to be specialized in oil extraction, while other companies focused on the comprehensive development of the supply chain. The answer is negative. The sale of crude oil and the abandonment of refining made Mexico a net importer of fuels, a trend, which, today, is seeking to be reversed, in an environment of a high fiscal burden and high indebtedness of the company.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572023000400936&lng=en&tlng=enPemexoilinvestmentoil companyoil extractionrefining |
| spellingShingle | ANGÉLICA TACUBA SANTOS Pemex in the context of the global oil company: investment policy and lessons learned Brazilian Journal of Political Economy Pemex oil investment oil company oil extraction refining |
| title | Pemex in the context of the global oil company: investment policy and lessons learned |
| title_full | Pemex in the context of the global oil company: investment policy and lessons learned |
| title_fullStr | Pemex in the context of the global oil company: investment policy and lessons learned |
| title_full_unstemmed | Pemex in the context of the global oil company: investment policy and lessons learned |
| title_short | Pemex in the context of the global oil company: investment policy and lessons learned |
| title_sort | pemex in the context of the global oil company investment policy and lessons learned |
| topic | Pemex oil investment oil company oil extraction refining |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572023000400936&lng=en&tlng=en |
| work_keys_str_mv | AT angelicatacubasantos pemexinthecontextoftheglobaloilcompanyinvestmentpolicyandlessonslearned |