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December 7, 2021
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Mexico will keep OPEC + oil production quota in 2022: Rocío Nahle

Mexico will keep OPEC + oil production quota in 2022: Rocío Nahle

By 2022, Mexico will maintain its oil production quota without cuts, with an extraction volume similar to that agreed upon before the Organization of the Petroleum Exporting Countries and unaffiliated producers (OPEC +) for the end of the year: 1,753 million barrels a day, said the head of Energy, Rocío Nahle.

In his appearance before the Senate of the Republic, postponed twice until it was carried out this Monday, Nahle said that a fundamental part of the policy of this administration is to rescue state companies since the energy sector is of public interest and not private, “it is the rule on which we are based, ”he said.

In addition, he explained that as of November, whose indicator has not been released by the National Hydrocarbons Commission (CNH) and Mexican oil (Pemex), the country produced 1,777 million barrels per day of crude oil and condensates, vs 1,948 million barrels per day in the same month last year.

The Minister of Energy explained that regarding the oil prices, has participated in 11 ordinary meetings of the group OPEC +, where different adjustments to the production of the large oil extractors in the world have been negotiated while Mexico maintained its quota without cuts, a decision that will not affect the international price.

“We received the support of OPEC + so that the quota would remain without cuts and an agreement will be established for 2022 with the condition that conditions, supply and demand are reviewed every month to take the actions that are appropriate to the market and, where appropriate, to each producing country, ”Nahle said.




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