STRATEGY + INNOVATION IS WHAT WILL ALWAYS TRANSFORM THE ENERGY INDUSTRY APRIL 1 TO MAY 19, 2020
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PAGE 02
PANEL 1 - WEDNESDAY APRIL 1, 2020
"ECONOMIC IMPACT OF COVID-19 IN MEXICO AND THE WORLD"
PARTICIPANTES Moderator: Master. Abril Moreno CEO - Perceptia 21 Dip.
Soraya
Pérez
Munguía
-
Deputy for Tabasco - Chamber of Deputies LXIV Legislatura Engineer Régulo Salinas Garza President - Energy Commission of the
Confederation
of
Industrial
Chambers CONCAMIN Engineer Associate
Erick
Sánchez
Director
and
Salas
-
Business
Development - IHS Markit Dr.
Gabriel
President
and
Farfán CEO
Mares -
-
Mexican
Community of Public Management for Results A.C.
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"ECONOMIC IMPACT OF COVID-19 IN MEXICO AND THE WORLD"
TOPICS
1. W h a t i s t h e i m p a c t t h a t t h i s i n t e r n a t i o n a l s i t u a t i o n i s g e n e r a ti n g i n M e x i c o a t a n e c o n o m i c , h e a l t h a n d h u m a n i t a r i a n le v e l? 2. W h a t e c o n o m i c a n d s o c i a l p o s i t i o n i s M e x i c o i n ? 3. I n a n a t i o n a l c o n t e x t , i s M e x i c o p r e p a r e d t o fa c e t he e co n o m i c situation? 4. W h a t d o y o u n e e d t o d o t o a v o i d fa lli n g i n t o a d e e p r e c e ssi o n ? 5. I s t e e n d o f t h i s h y d r o c a rb o n s e c t o r a le v e r fo r t h e co u n tr y 's development? 6. I n p o s t c r i s i s h a v e A n t i - C y c l i c a l P o li c i e s b e e n m a n a g e d ?
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"ECONOMIC IMPACT OF COVID-19 IN MEXICO AND THE WORLD"
"The Mexican economy is very resilient, however the problem is not starting today, it started from 2019, unfortunately the government has made legislative decisions that have not helped the country's economic activity, which led us to close the year with a decrease economic. The economy still resists, but the government has to take immediate measures that allow us to regain the confidence of investors, while surviving during the health contingency" - Dip. Soraya Pérez
Approximately in the month of December 2019
The problem we are facing has more to do with
a new COVID-19 virus (Coronavirus) arises in
the effects on demand and on the economy in
China and on March 11, 2020 it is recognized as
general, the problem of COVID-19 what it is
a global pandemic, as a result of this we
doing
entered
risk,
worldwide, the possibilities of The exports that
governments begin to generate a binding and
we have as a country decrease considerably, here
the consequence is the fall of the production
the Mexican plant is going to suffer a sharp drop
chains worldwide, generating a drop in the
in demand, either from the export side or from
demand for goods and services.
the contingency measures that are being taken.
The Energy Policy is going to play a very
Expanding the part of the context, there is too
important role for the recovery of Mexico as a
much oil in the world, but there is also a sharp
motor that we have and that unfortunately it
drop in global demand, in the particular case of
has been misused and as something that does
Petróleos Mexicanos there are almost 20 million
not remain in the economy.
barrels that are lost in demand.
"Pemex is very important, of course, that one
In a national context, are we prepared as a
out of every three pesos that the government
country, are government policies, the private
spends comes from Petróleos Mexicanos, and if
sector, political parties, all ready to avoid falling
they as a company are wrong, the rest of the
into a deep recession?
quarantine
to
minimize
the
national finances will also be wrong", Deputy Soraya Pérez.
said
is
reducing
demand
and
consumption
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"ECONOMIC IMPACT OF COVID-19 IN MEXICO AND THE WORLD"
“The
resilient,
“What is being asked by the private sector is
however the problem is not starting today, it
Mexican
economy
flexibility in the fiscal part, we are talking about
started
the
offsetting the part of paying taxes for a while,
government has made legislative decisions that
thinking that the health crisis will end and that
have not helped the country's economic activity,
companies can operate again.
from
2019,
is
very
unfortunately
which led us to close the year with a decrease economic. The economy still resists, but the
On the other hand, in the part of solidarity with
government has to take immediate measures
the workers, it will depend on the possibilities of
that
of
each company, it should be mentioned that the
investors, while surviving during the health
allow
us
to
regain
the
confidence
issue has been mishandled by not calling it health
contingency”, said Deputy Soraya Pérez
continence, but rather a health emergency", said the Engineer Regulo Salinas.
This crisis takes us badly, the contraction that occurred
last
was
This moment is crucial in the history of our
basically due to a reduction in both public and
country, Mexico since the end of the 70's began
private investment, all due to the lack of
to identify oil revenues as a fundamental part of
confidence of the private investor and we
its public finances and from that stage to date it
require
has continued to use as an important source to
private
year
in
the
investment
economy,
to
revive
our
country In a scenario like the one we are experiencing,
governments
are
taking
measures anti cyclicals and Mexico began to consider it in a limited way.
oil rental income.
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"ECONOMIC IMPACT OF COVID-19 IN MEXICO AND THE WORLD"
“What we are experiencing today could be the
resources that are fast return, projects that
end of the era of oil income as a support for
begin
public finances, what will be seen in these
profitability projects, they cannot be projects
months will be the evaporation of the current
whose return on investment is 30 or 35 years
government's project, of considering Pemex as a
from now on.
to
generate
cash
flow
and
also
high-
lever for development and oil revenues as a tool to finance public finances and we will have to enter a situation in which the government will
There must be Anti-Cyclical Policies, which avoid
have to do what other governments in the world
or reduce a very sharp drop in demand and
are doing, collect taxes on industrial activity,
consumption.
economic activity and reinvest those resources in infrastructure and quality public services", commented Dr. Gabriel FarfĂĄn.
COMPLETE PANEL www.expoilandgasmx.com/expo-virtual
In conclusion of this panel, what is seen as the crisis in this 2020 around the oil industry is something government
unprecedented, in
the
world
there that
is could
no
*The recording of each panel will remain on our
be
website for 5 days after transmission.
prepared for everything that the issue of this pandemic generated, we have to look for
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PANEL STADISTICS
4,153 impacts that entered through different channels, which entered an average of 1.29 times lasting 00.02.01 per user.
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