Petroleos Mexicanos (Pemex) was struggling. Total reign was held by the national oil company of Mexico, Pemex over the Mexican gas and oil industry.
The biggest firm in Latin America, 140,000 people, made was employed by it up 3% of Mexico's GDP, and provided almost 40% of the resources for the Mexican the of government's budget. However production of gas and oil had been dropping for years, along with the single field which had made up more than 50% of total generation merely five years back, Cantarell, was in rapid decline.
Pemex had been a cash cow for Mexican state, but was shockingly unproductive and potentially fraudulent. For the very primary time ever since the 1938 rebellion which had state-owned the Mexican oil and gas segment, there was critical deliberation of undertaking basic alterations at Pemex.Change could mean everything to taking the firm public from changing the Mexican constitution.
Petróleos Mexicanos (PEMEX) case study solution
PUBLICATION DATE: September 27, 2013 PRODUCT #: TB0339-HCB-ENG
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