Pemex CEO on Oil Production, Oil Prices, Ratings Downgrade, M&A

The video discusses the current and future oil production levels, focusing on Mexico's plans to maintain production rates and improve refineries to reduce imports. It also covers Saudi Arabia's decision to cut oil production by a million barrels per day and its potential impact on the market. The conversation shifts to joint ventures in Mexico and the challenges posed by administration changes. Finally, the financial outlook and future business plans, including potential bond issuance, are explored.

What is the expected crude oil production level for the current year?

• 1.5 million barrels per day

• 1.8 million barrels per day

• 2.0 million barrels per day

• 2.2 million barrels per day

What is the main goal for Mexico's refineries?

• To improve refineries and reduce imports

• To close down older refineries

• To reduce national production

• To increase imports of gasoline

What is the proposed cut in oil production by Saudi Arabia?

• 1.5 million barrels per day

• 1 million barrels per day

• 500,000 barrels per day

• 2 million barrels per day

What advice was given regarding forecasting oil prices?

• Use complex algorithms for predictions

• Forecast based on past trends

• Never try to forecast the price

• Always predict the highest price

What is the status of the joint venture with Mitsui?

• It is delayed indefinitely

• It is in the process of being signed

• It has been fully operational

• It has been canceled

What is the expected financial strategy for the next year?

• Issuing more bonds

• Reducing market presence

• Increasing imports

• Closing refineries

What is the main challenge in signing the joint venture with Mitsui?

• Lack of funding

• Political changes in Mexico

• Technical difficulties

• Environmental concerns