Energy

Improvements to the Mexican Official Standard NOM-016-CRE-2016 “Oil Products Quality Specifications”

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Improvements to the Mexican Official Standard NOM-016-CRE-2016 “Oil Products Quality Specifications”   On June 15, 2017, the Energy Regulatory Commission (“CRE”) authorized improvements to the Mexican Official Standard NOM-016-CRE-2016 “Oil Product Quality Specifications” The main purpose of the modifications approved by CRE is to increase competition among the fuel and diesel markets, derived from the […]

Energy

Elimination of Maximum Price of Natural Gas First-Hand Sales

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Elimination of Maximum Price of Natural Gas First-Hand Sales   On June 19, 2017, the Energy Regulatory Commission (“CRE”) issued a communication approving the elimination of the maximum price of natural gas at first-hand sales. The main purposes of the price elimination are the following: a. The facilitation of the recovery of natural gas production. […]

Energy

PEMEX FARM OUTS CALL CNH- A4-ORGARRIOC3/2017 and CALL CNH-A3-CARDENAS MORA-C2/2017

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PEMEX FARM OUTS CALL CNH- A4-ORGARRIOC3/2017 and CALL CNH-A3-CARDENAS MORA-C2/2017   On May 02, 2017, the National Hydrocarbons Commission (“CNH”) published in the Federal Official Gazette, the calls for bidding procedures CNH-A4-ORGARRIOC3 / 2017 and CNH-A3 -CÁRDENAS MORA-C2 / 2017, which purpose is the selection of partners so the State Owned Productive Company, PEMEX Exploration […]

Energy

PEMEX Farm Out Tender Procedure CNH-A2-AYIN-BATSIL/2017

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On March 07, 2017, the National Hydrocarbons Commission (“CNH”) released the call related to the second PEMEX farm out, CNH-A2-AYIN-BATSIL/2017, for the wells known as “Ayin-Batsil” which are located in shallow waters of the Mexican Gulf. Below are the main aspects to be considered in this farm out procedure: Bidding guidelines / Required Experience: Three […]

Energy

Third Wholesale Electric Market Auction

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Third Wholesale Electric Market Auction The National Center of Energy Control (“CENACE” for its acronym in Spanish) has recently announced its intention to release, on April 28, 2017, the bidding guidelines for the third wholesale electric market auction. Pursuant to the latest information released, CENACE is currently reviewing the final changes and additions to the […]

English

Executive Order for the Repatriation of Funds in 2017

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On January 18, 2017, there was published in the Federal Official Gazette an “Executive Order providing for income tax incentives for the repatriation of deposits or investments maintained abroad” (the “Order”), so as regularize the taxpayer’s tax liability by the payment of the income tax at a reduced rate and with no additional government charges. […]

Energy

Liberaton of Fuel Markets

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The Energy Regulatory Commission (“CRE”) has recently announced the timeline applicable for the liberation of fuel markets. Pursuant to CRE ruling, during the following year, the gasoline and diesel markets will move from a single supplier model to an open and competitive scheme, where multiple players will supply fuels throughout the territory. By the new […]