MOU with the Petróleos Mexicanos
Supporting the participation of Japanese companies in the development of oil and gas in Mexico

  • Area: Latin America and the Caribbean
  • Energy and Natural Resources

JBIC concluded an MOU with the Mexican state-run petroleum company Petróleos Mexicanos (PEMEX), in the presence of Japanese Prime Minister Abe and Mexican President Peña Nieto. In February 2007, JBIC and PEMEX had concluded an MOU to support the expansion of trade between Japan and Mexico, and the participation of Japanese companies in oil and gas projects undertaken by PEMEX through consultations and exchanges of information related to new PEMEX projects and business strategies, and to expand business opportunities for both JBIC and PEMEX. The new MOU revises the fields in which JBIC and PEMEX will try to strengthen their relationship and forms a framework for creating and developing the long-term friendly and cooperative partnership between both companies. JBIC not only contributes to the creation of business opportunities for Japanese companies but also supports efforts to further strengthen the economic relationship between Japan and Mexico.
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