LONDON Mexico state-owned oil and gas producer
Petróleos Mexicanos SA de CV (Pemex) has signed a
six-year cooperation deal with steel organization Canacero that
encourages local procurement of the product.
The deal was signed by Alonso Ancira Elizondo, president of
Canacero and chairman of Mexican integrated steelmaker Altos
Hornos de México (Ahmsa), and Pemex director general
Emilio Lozoya Austin.
This could mean $2.4 billion per year (to the Mexican
steel industry) Elizondo said last week on the sidelines
of the 3rd Mexican Iron and Steel Conference in Mexico City.
Pemex plans to buy the steel for pipelines, oil platforms and
sea vessels, he said. With this agreement, we will stop
imports of about 700,000 tonnes of steel products per
Pemex, the only organization in the country to develop and
operate extractive energy resource projects, plans to invest
$24 billion annually over the next six years in different
sectors, according to Lozoya Austin.
About 10 to 20 percent of this will be spent on Mexican steel,
Canacero, which couldnt be reached for further comment,
said on its website that members will have access to forecasts
from Pemex in order to identify growth areas and will be
considered by the oil and gas producer when making procurement
At the same time, the steel body will inform Pemex of the
domestic availability and quality of products, and domestic and
global pricing trends to assist in procurement decisions.
Mexican President Enrique Peña Nieto recently introduced
legislation that could spur private sector investments in the
nations oil and gas sector (
amm.com, Aug. 21
Rodrigo Alonso, Mexico City, contributed to this