{"id":5441,"date":"2022-01-27T05:04:46","date_gmt":"2022-01-27T05:04:46","guid":{"rendered":"https:\/\/www.fianzasseguroscrya.com\/?p=5441"},"modified":"2022-01-27T05:04:47","modified_gmt":"2022-01-27T05:04:47","slug":"pemex-balances-stability-risk-moodys","status":"publish","type":"post","link":"https:\/\/www.fianzasseguroscrya.com\/en\/pemex-balances-stability-risk-moodys\/","title":{"rendered":"PEMEX Balances Stability, Risk: Moody\u2019s"},"content":{"rendered":"\n
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Credit rating agency Moody\u2019s published a report on the global energy industry that addresses previous criticisms of PEMEX but also compares it favorably to other NOCs around the world.<\/p>\n\n\n\n

The main point of Moody\u2019s positive comparison comes from the fact that Mexico will not be experiencing a national election in 2022, which means that the NOC can be considered a relatively reliable asset shielded from the political risk and instability inherent to electoral processes in the region. Presidential elections will take place in Brazil and Colombia throughout 2022, which increases market uncertainty for all oil and gas companies working in those countries due to the uncertain future of their NOCs as defined by potential presidential policy. <\/p>\n\n\n\n

\u201cBrazil is currently weighing the possibility of privatizing Petrobras, its dominating NOC, a decision that will be almost completely dependent on who wins October\u2019s elections,\u201d reads the report. \u201cIn Colombia, one of the country\u2019s currently frontrunning candidates in the presidential race, Gustavo Petro, has said that he will reduce the government\u2019s investment in exploration and production, a measure that would force the state-controlled NOC Ecopetrol to adjust its commercial strategy.\u201d<\/p>\n\n\n\n

Moody also notes that oil and gas companies are headed into a complicated panorama in a globally general sense; PEMEX\u2019s case is not particularly dire in this sense. Long term prosperity in terms of oil demand is not too clear, according to the report, so all long-term investments in the sector should be considered with appropriate caution and skepticism. \u201cNOCs around the world will be struggling with their role as guarantors of their respective nation\u2019s energy security, especially as the political pressure for them to pay more taxes while lowering deficits that make creditors nervous increases.\u201d The report goes on to argue that commercial strategies of NOCs are now completely tied to the environmental agendas of regulators and governments, which increases political risk factors in Latin America. <\/p>\n\n\n\n

However, the report highlights that the Mexican government\u2019s latest statements regarding its plan to make PEMEX fully self-sufficient and only produce oil for the domestic market by 2024 are quite worrying given the company\u2019s already tricky balance sheet. In Moody\u2019s view, these plans will greatly limit the NOC\u2019s capacity to increase its revenue, which will in turn greatly limit the degree to which it can invest in addressing its environmental and financial issues.<\/p>\n\n\n\n

Source: https:\/\/mexicobusiness.news\/oilandgas\/news\/pemex-balances-stability-risk-moodys?tag=oilandgas&utm_source=ActiveCampaign&utm_medium=email&utm_content=Your+Weekly+Oil+%26+Gas+Briefing&utm_campaign=Newsletter+-+Oil+++Gas+-+Jan+26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Credit rating agency Moody\u2019s published a report on the global energy industry that addresses previous criticisms of PEMEX but also compares it favorably to other NOCs around the world. The main point of Moody\u2019s positive comparison comes from the fact that Mexico will not be experiencing a national election in 2022, which means that the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5441","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/posts\/5441"}],"collection":[{"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/comments?post=5441"}],"version-history":[{"count":1,"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/posts\/5441\/revisions"}],"predecessor-version":[{"id":5446,"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/posts\/5441\/revisions\/5446"}],"wp:attachment":[{"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/media?parent=5441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/categories?post=5441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fianzasseguroscrya.com\/en\/wp-json\/wp\/v2\/tags?post=5441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}