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New CEO to take Pemex reins

OE Staff Monday, 27 November 2017 18:56

Carlos Alberto Trevino Medina, Pemex's corporate director of administration and services, will succeed Jose Antonio Gonzalez Anaya as CEO of the company, Mexican President Enrique Pena Nieto announced on 27 November.

Pemex's new CEO Carlos Alberto Trevino Medina

Gonzalez Anaya has served as CEO since February 2016. In March this year, Gonzalez Anaya told attendees at CERAWeek by IHSMarkit that his policies and efforts during his first year as CEO to reduce Pemex’s debt did not make him a popular person in Mexico. Just weeks after starting his new role, Gonzalez Anaya identified (MEX) 100 billion (US$5 billion) in necessary budget cuts.

He also sought to use tools created by the energy reform to revitalize Pemex, including partnerships in the upstream and downstream sectors. One example of upstream partnerships in Pemex's farm-out of interest to BHP Billiton in the Trion discovery. In August this year, Pemex announced four new farm-out opportunities, including two offshore: Ayin-Batsil, in the shallow water Campeche Basin, and deepwater Nobilis-Maximino in the deepwater Perdido Basin, adjacent to Trion.

In June, Gonzalez Anaya said the company would speed up its farm-out strategy to boost Mexico’s production and to access the latest in oil and gas technology. At that time, he said Pemex’s 2017-2021 business plan was being designed with profitability in mind, and that the company believed it would return to overall profitability by 2020.

Trevino Medina has previously served as Pemex’s corporate finance director and twice as corporate director of administration. He also has held several positions within Mexico’s government, including senior official in the Ministries of Economy and Energy, undersecretary of expenditures for the ministry of finance and public credit, general director of Financiera Rural, and director finance at the Mexican Institute of Social Security. He graduated from the Institute of Technology and Higher Education in Monterrey, where he studied to be a food engineer, and holds master’s degrees in business administration and sciences, specializing in food engineering.

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