Government of Mexico Publishes Regulations of Secondary Energy Laws

On Friday, October 3, the regulations of six secondary laws were published, strengthening the regulatory framework of the energy sector.

The publication of these regulatory documents in the Official Gazette of the Federation (DOF) governs activities and will enable the proper implementation of the country’s new energy model, laying the foundation for building a stronger, more sustainable sector aligned with the needs of the people of Mexico:

Regulation of the Hydrocarbons Sector Law

Regulation of the Geothermal Energy Law

Regulation of the Electric Sector Law

Regulation of the Biofuels Law

Regulation of the Energy Planning and Transition Law

Regulation of the Hydrocarbon Revenue Law

Source: Ministry of Energy / DOF

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Fitch upgrades Pemex rating to BB+

Fitch Ratings upgraded Petróleos Mexicanos’ (Pemex) long-term local and foreign currency issuer default ratings (IDRs) from ‘BB’ to ‘BB+’. The rating outlook is Stable.

The upgrade follows Pemex’s successful execution of a USD 9.9 billion public tender offer across eight bond series, financed with funds provided by the Mexican government.

Source: Fitch Ratings

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