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Pemex Should Focus on E&P: Mexican Opposition Candidate

OIL

Mexican opposition presidential candidate Xochitl Galvez said April 19 that Pemex should focus on its exploration arm, and could look at new business opportunities, such as geothermal energy.

  • "Pemex should start entering into the (broader) energy sector," Galvez said, cited by Reuters. "The future of energy is electricity. The future of electricity is renewable power."
  • Galvez is polling significantly behind the frontrunner, former mayor of Mexico City Claudia Sheinbaum.

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