sábado, 29 de agosto de 2015

The mexican petroleum



National 
The company participates in bid of non-conventional fields 
The Mexican petroleum 
By: Carlos Daman                                                        July 22, 2015 
This phase extends to 4 years; It develop and production later on
México. -   The consortium to which two oil blocks were awarded of those auctioned in the first phase of the round one, with what put on end to 80 years of oil nationalization Sierra Oil & Gas, in voice of Ivan Sandrea manifested that the process was transparent and that it looks for alliances with more companies. In an encounter with diverse media denying the access to the newspaper La Jornada the directive that counts among their shareholders to Hipolito Gerard Rivero, brother-in-law of the ex-president Carlos Salinas, he announced investments of between 144 million and 150 million dollars to work in the awarded areas. This quantity is the enough minimum for the exploration phase in the oil blocks, and it is believed that he extends up to four years the investment, development and production. "The credit line that we should put for the program that one has projected it is of between 144 and 150 million dollars, and that covers the minimum initial plan of work", Sandrea sustained. 
 
This character at the moment is president of the consortium integrated by the English oil company Premier Oil PLC that has been denounced in Argentinean federal tribunals to carry out exploration activities without having the corresponding authorization in recent years.  Sierra Oil & gas is partner of Premier Oil PLC and of the American Talos Energy LLC. The three participated as consortium in the bid of 14 auctioned blocks the past 15 of July for the Mexican government for the exploration and exploitation of hydrocarbons in shallow and territorial waters of the Gulf of Mexico, in the one which 12 deserts were declared and they were only awarded 2 of 7 oil blocks.  General director Ivan Sandrea (IS) he explained that the probability of finding petroleum in most of the blocks is of between 25 and 33 percent, but that will depend on the effectiveness of each company.  He commented that before of the first phase of bids one had the expectation that he enters 30 and 50 percent of the blocks they would be awarded, and those that not, it would be due to that they were under that required by the government and that, “finds me that it is very well."   
 
The result of the auction was of 14 percent, very under the estimate of the Secretary of Energy, which calculated that they would be assigned between 30 and 50 percent of the 14 on blocks in the table of oil auctions. But 12 were declared deserts when not having proposed some and to give proposals below the minimum values fixed by the Treasury. The first oil block assigned to the consortium Sierra Oil & Gas, company created in 1914, was the one that understood the area 2, located in the basin of the southeast in front of the Veracruz State, with extension of 194 square kilometers. The area 7 is located in shallow waters in front of the coast of Tabasco, which has an extension of 464 square kilometers, where it is possible to extract slight petroleum. In their winning offers, the consortium headed by Sierra Oil & Gas offered to the State a participation in the operative utilities of 68, 99 and 10 percent in the increment in the minimum program of work. Both superior levels to the minimum values settled down by the Treasury that they were respectively of 40 and zero percent respectively.   

This company that won in the first round, wants to participate in the exploration of non-conventional fields, although it discarded to enter to the process that includes the exploration and in deep waters of the Gulf of Mexico. Although Ignacio Fernandez denied it the reality that didn't have the opportunity to enter to the event –La Jornada- , and they tossed the blame to the lack of communication and to the one damaged cellular of the general director.    
 
Uneasiness for reformations 
The reformations don't give result although the authorities make an effort to create occult theories that justify the devaluation of the currency with regard to the dollar and raisin from 12.90 to 17.50 in this six years of the PRI, but the businessmen have another vision. Manuel Herrera, president of Concamin, says that we don't believe that short term conditions exist so that we can think in that the peso returns to a stability", and he adds it impacts in different ways in the industry: there are exporters that produce everything in Mexico to who the exchange rate benefits them to have more competitive costs toward the exterior. However the industry that it import a great part of the inputs is having a great negative impact that it will be able to influence in this on the way to deceleration". The reports are developing: it continues falling the mining production, there are a low growth of the generating industry of electricity and it provide of gas and it dilutes; the construction lost dynamism and the production manufacturer had a remarkable deceleration. Herrera suggests some measures that could soften the situation, for example, to advance the government purchases of the third trimester of the year, since alone a part has been exercised of that budgotten. Although the president of Concamin didn't mention it, it is not superfluous to remember that in these days the engaged effects benefactors of the reformations of EPN should already be perceiving: the labor one reform, the Treasure reform and the duty reform.    
 
However, everything points to that it will finish the six years and we won't see anything of that offered. The emanated governments of the PRI - PAN is prodigal in signing any silly pact, and in particular the commercial ones that open the doors of the customers so that they invade us products scrap, and this but it was enough the smuggling impelled by bands criminals. Arnulfo R. Gómez, professor of the Universidad Anahuac, says that “the officials ignore the structure of the national production; it is necessary a competitive market". Treaties as the NAFTA have taken to Mexico to an increase of the imports of inputs, what causes a drop in the value from the products national correspondents to the outsider. The expert in trade exterior indicates that none of the commercial agreements has been able to increase the flow of foreign investment neither to generate high employment indexes.  
 
FICREA 
They are notorious the artifices that Jaime Gonzalez Aguade, president of the Bank National Commission uses and of Values (CNBV) – Mexican Stock Exchanges - , to avoid his responsibility in the fraud of Ficrea. The interesting thing is that it doesn't want to return their complete money to the savers, however it made exceptions for some recommended clients, and this doesn't finish. The INAI ordered the CNBV to give public version of the reports that contain the irregularities in the operation of Ficrea as well as the payments made the savers starting from the date of the liquidation declaration and up to March of 2015.particularly, 31 day the CNBV should give the reports presented by the legal representative of the company and the inspector manager, to the Committee of Protection to the Saving of the Fund of Protection of Popular Financial Societies; besides the documents that give bill of the payments made the registered savers or third ones, in those that it is included the concept and corresponding authorizations. Thirst has the antecedent of a matter that it requested information but the CNBV it declare the nonexistence of the reports and it classified them as confidential the documentation related with the payments. It disconfirm, presented a revision resource before the INAI, to which was alternated the commissioned Areli Cano Guadiana. In the analysis of the matter, it was noticed that she was not carried out a correct search of the referred reports, all time that only channeled the application to the Contentious General Direction, omitting to alternate it to the Presidency of the Commission and Government's Meeting, administrative units that could also have the required information for their legal attributions.   (La Jornada, economia, p.p. 6-7, July 22, 2015).

No hay comentarios:

Publicar un comentario