Armando Mejia Sanchez, the head of crude oil at the trading arm of Mexico’s state-owned oil firm Pemex, is retiring, according to people with knowledge of the situation.
(Bloomberg) — Armando Mejia Sanchez, the head of crude oil at the trading arm of Mexico’s state-owned oil firm Pemex, is retiring, according to people with knowledge of the situation.
Mejia, who was appointed to the role at Pemex’s PMI unit in 2019, will be temporarily succeeded by Celina Torres Uribe until a permanent replacement is announced, said the people, who asked not to be identified as the moves haven’t been made public. A Pemex representative didn’t immediately respond to a request for comment. Mejia couldn’t immediately be reached for comment.
The changes come at a crucial time for PMI, just as it prepares to sit down with oil refiners from the US and Asia to discuss how much oil it plans to export next year. Mexican President Andres Manuel Lopez Obrador has pledged to increase fuel production at domestic refineries, which could potentially reduce the amount of crude available for shipment. Fuelmakers in the US and elsewhere are also trying to meet rising post-pandemic demand.
PMI is the largest exporter of Latin American crude, and its intentions can have a major impact on US Gulf refiners such as Valero Energy Corp. and Chevron Corp.
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