Mexico’s President Enrique Pena Nieto announced on Monday that the next CEO of state oil firm Pemex will be Carlos Alberto Trevino Medina.
The new appointee will replace Jose Antonio Gonzalez Anaya who took the helm in February 2016 and who has overseen some austere budget cuts.
Trevino Medina has been Pemex’s corporate director of administration and services.
Since energy reforms were instituted in 2013 the Mexican government has been gradually diminishing Pemex’s monopoly position in domestic oil production, which had hitherto seen the company handle all the nation’s offshore hydrocarbon resources.
Reform has seen Pemex entering into more farm-out arrangements with private sector and foreign players, all with with the aim of improving productivity from oilfields both offshore and on land. That policy should continue under Trevino Medina.