PEMEX - the 8th largest petroleum company in the world - invites new suppliers to join in a substantial investment program over the years to come. To capture this opportunity, Business Sweden invites Swedish companies within the oil- and gas sectors to participate in a delegation to Mexico during April 2014.
PEMEX - Mexico's state-owned oil and gas company - has an infrastructure portfolio for 2013-2017 valued over 48 BUSD that includes over 340 projects in platforms, pipelines, marine and land works, refineries and plants among others.
Business Sweden has identified business opportunities for Swedish companies to participate in PEMEX’s procurement process in coming projects.
Swedish Oil & Gas Delegation to Mexico
To increase Swedish participation in PEMEX’s procurement, Business Sweden is organizing an Oil & Gas Delegation to Mexico during April 2014, consisting of meetings with relevant stakeholders for PEMEX’s coming investment projects and the opportunity to take part in the Swedish pavilion at PEMEX’s 2nd Expo in Mexico City.
More Information and Registration
For more information please contact:
Nicolas Urbina, Business Sweden in Mexico
T. +52 55 9126 3430
To register your interest in the delegation please fill in the form below. The registration is not binding. You will be contacted by Business Sweden in Mexico for more information.
PEMEX and the Mexican Oil & Gas Sector
The Oil & Gas sector has a strategic importance to the Mexican economy as it accounts for almost 7% of Mexico´s GDP. The Mexican Oil & Gas sector is one of the largest in the world; it is the 8th largest crude oil producer and the 17th natural gas producer in the world, the largest producer of both oil and gas in Latin America.
PEMEX, Mexico’s state-owned oil and gas company, is the 8th largest producer and the largest employer among all petroleum companies (with over 150 thousand employees). PEMEX revenues are higher than the joint income of the Top-5 companies listed in the Mexican Stock Exchange and invests more than the total made by all companies listed in the Mexican Stock Exchange.
By 2019 Mexico’s oil consumption will exceed PEMEX production, to face the challenge, the current government proposed an Energy Reform to increase PEMEX production by allowing foreign direct investment, expecting to reach 3.5 million barrels per day of crude oil by 2025. The Reform will also allow private companies to perform refining and transportation services, today only performed by PEMEX.
Swedish - Mexican Relations
Sweden is the 8th largest commercial partner for Mexico, and the 6th largest EU investor in Mexico. The bilateral trade reached over 1.3 BUSD during 2012, thanks to the complementarity of Swedish expertise in diverse industries, including the oil & gas sector.
During September 2013, Swedish Prime Minister Fredrik Reinfeldt and the Mexican President Enrique Peña Nieto, reinforced the interest for a continued commercial relationship with the sign of a Joint Declaration of Mutual Interest.