Mexico recently approved and began to implement one of the most comprehensive and significant energy reforms in the world. In the midst of this historic transition, the 2014 collapse in oil prices presented a great challenge for PEMEX, which is strapped for cash and faces difficulty in meeting the investment requirements needed to reverse production declines. José Antonio González, Ph.D., became CEO of PEMEX in 2016 with a mandate to improve the company’s financial situation and take advantage of the opportunities presented by energy reforms. He has already refocused PEMEX’s investment strategy and initiated the firm’s first joint venture in deepwater exploration and production. At this event, he presented PEMEX’s overall strategy and discussed the future of the petroleum industry in Mexico.
This event was sponsored by the Baker Institute Center for Energy Studies and Mexico Center.
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José Antonio González, Ph.D., is the CEO of PEMEX. He previously served as director general of the Mexican Institute of Social Security and has also held a number of positions at Mexico’s Ministry of Finance, including under secretary of revenue and chief of staff to the minister of finance. He was formerly a lecturer and senior researcher at Stanford University and a senior economist for Bolivia, Paraguay and Peru at the World Bank. González has a Ph.D. in economics from Harvard University and a B.A. in economics and a B.S. in mechanical engineering from the Massachusetts Institute of Technology.