Local Time: Print

Energy Sector

Overview

Upstream Oil and Gas Market Overview

(Figures in USD billion)

 

2012

2013

2014

2015p

Total Market Size

6.55

6.95

7.03

7.24

Total Local Production

1.95

2.10

2.15

2.19

Total Exports

1.52

1.82

1.87

1.90

Total Imports

6.12

6.67

6.75

6.95

Imports from the U.S.

4.45

4.86

4.90

4.96

P projected data

Source: (Mexican) National Bank for International Trade (Bancomext), Secretariat of Economy, Global Trade Atlas, interviews and information from officials from PEMEX, the Secretariat of Energy (SENER).

Upstream Oil and Market Overview

Mexico is one of the 10 largest oil producers in the world (2.9 million barrels per day in 2014), and the third-largest in the Americas after the United States and Canada. Despite declining crude export volumes, the United States imported over 750m/bdp of Mexico’s heavy crude in 2014 abd it exported to mexico over 194 million barrels of refined petroleum products (40% of mexico’s domestic gasoline consumption), and these refined products numbers are growing. Oil is acrucial component of Mexico’s economy and earnings from the oil industry accounted for about 32% of total government revenues in 2014.

Significant oil reserves have been documented in Mexico (table 2), which will drive investments from the private sector in the energy sector and offer U.S. companies opportune ities, either as contractors, sub-contractors, or suppliers of equipment and/or technology.

Table 2

Opportunities

A number of major projects will drive investment in the sector and offer U.S. companies opportunities either as contractors, sub-contractors, or suppliers of equipment/technology:

Please visit our Infrastructure Initiative: Projects site

Resources

Secretariat of Energy: http://www.energia.gob.mx

Mexican oil parastatal - PEMEX: http://www.pemex.gob.mx

Energy Regulatory Commission: http://www.cre.gob.mx

College of Petroleum Engineers of Mexico: http://www.cipm.org.mx

National Infrastructure Plan: http://www.infraestructura.gob.mx

Mexican Association of Petroleum Service

Companies –AMESPAC http://www.amespac.org.mx

Federal Electricity Commission

(electricity parastatal) http://www.cfe.gob.mx

For more information please contact:

Francisco Ceron, Senior Commercial Specialist (Oil and Gas)

Commercial Service, U.S. Embassy in Mexico City

Francisco.ceron@trade.gov

Claudia Salgado, Commercial Specialist (Electric Power)

Commercial Service, U.S. Embassy in Mexico City

Claudia.Salgado@trade.gov


  Notice to Visitors!


  The link you have chosen will take you to a non-U.S. Government website.

  If the page does not appear in 5 seconds, please click this: outside web site

  Export.gov is managed by the International Trade Administration and external links are covered by its website  disclaimer statement.


  Notice to Visitors!


  The link you have chosen will take you to a non-U.S. Government website.

  If the page does not appear in 5 seconds, please click this: outside web site

  BuyUSA.gov is managed by the International Trade Administration and external links are covered by its website disclaimer statement.