Background and history

During the 80s, Petroleos Mexicanos (Pemex) performed commercial functions abroad, mainly by exporting and importing crude oil and its derivatives. During this period, it had representative offices in some countries of Europe and in some cities of the United States which served as commercial links to monitor international markets.
Shortly after, Pemex modernized these processes by forming PMI Comercio Internacional. The goal was to provide a vehicle that would allow Pemex to operate with flexibility in international markets, maximizing the value of its exports, and minimizing the cost of imports of derivative products.
PMI Comercio Internacional is mainly responsible for two activities: trading Mexican crude overseas and providing services.

07/03/2016 0:00 Jose Juan Perez
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