Ruptly
"President of Mexico Claudia Sheinbaum announced that her country would work with Brazilian oil company Petrobras - on a voluntary basis - to address the global energy crisis, in the capital on Wednesday. "We agreed to collaborate (...) They have developed many oil extraction methodologies and other things, such as biodiesel or ethanol production. So, we agreed to collaborate so that we can take advantage of many technological developments they have and that they can take advantage of the technological developments we have," she said She explained that, although there was still no written agreement, a Petrobras team from the production, exploration, and transformation area will come on May 13 to work with Mexico's Petróleos Mexicanos (Pemex). Last week, Sheinbaum held a meeting with Petrobras executives, where she expressed the intention to establish cooperation with Pemex in areas such as exploration, production, and transformation of hydrocarbons, as well as in the development of biofuels, including biodiesel. On another topic, the president referred to the agreement reached on Tuesday with the gasoline sector to reduce the price of diesel to 27 pesos per liter (1.54 dollars), which she described as a "temporary" measure in response to the impact of the conflict in the Middle East and the closure of the Strait of Hormuz. "As long as this condition [the rise in fuel prices] continues, we all did our part to help Mexican families and the national economy. We hope this situation doesn't last long and that we return to a situation where there is normal competition," she stated. The adjustment in the diesel price will be implemented gradually starting next week. According to the president, the cost could even be below 27 pesos per litre, depending on the companies' capabilities. Amid the tensions between the United States and Israel with Iran, there has been an increase in oil prices, which have caused a rise in their by-products globally."
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