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Minimum storage of petroleum products. Article 51.- The permits referred to in this Chapter shall be granted to Petróleos Mexicanos, to other productive enterprises of the State and to Private Parties, based on the Regulations of this Law. The granting of the permits shall be subject to the interested party demonstrating that it has, if applicable: I. A design of facilities or equipment in accordance with applicable regulations and best practices, and II. Appropriate conditions to guarantee the adequate continuity of the activity purpose of the permit. Article 51.- The permits referred to in...

Minimum storage of petroleum products. Article 51.- The permits referred to in this Chapter shall be granted to Petróleos Mexicanos, to other productive enterprises of the State and to Private Parties, based on the Regulations of this Law. The granting of the permits shall be subject to the interested party demonstrating that it has, if applicable: I. A design of facilities or equipment in accordance with applicable regulations and best practices, and II. Appropriate conditions to guarantee the adequate continuity of the activity purpose of the permit. Article 51.- The permits referr...

On March 26, 2021, Mexico's president submitted to the Chamber of Representatives (Cámara de Diputados) a bill to reform the Hydrocarbons Law ( Ley de Hidrocarburos or LH) (the LH Reform) that favors the state-owned company, Petróleos Mexicanos (Pemex). The LH Reform will follow the standard course of discussion and approval. As such, it will be discussed in the Chamber of Representatives, and then, if approved, it will be passed to the Mexican Senate for discussion and approval. If approved, the president shall enact it through Mexico's Official Federal Gazette ( Key Changes to the Oil ...