Trafigura Mexico Oil Head Eschenbach Leaves as AMLO Roils Firms
Trafigura Group Pte’s head of oil trading in Mexico, Guillermo Eschenbach, has left the company as President Andres Manuel Lopez Obrador’s government continues to roil the energy industry.
Eschenbach, who had been with the company since 2014, left in May, according to people familiar with the matter. He was replaced by Juan Carlos Perez, who had been with Trafigura since 2017, the people said, asking not to be identified discussing personnel matters.
The departure of Eschenbach, who had been in charge of the company’s oil trading in Mexico, comes as Lopez Obrador’s government has sought to increase state control over the energy industry. The president has sought to reduce the role of private companies in the sector, and has canceled oil auctions and contracts with private firms.
AMLO’s Policies
Lopez Obrador, who took office in December 2018, has sought to increase the role of state-owned oil company Petroleos Mexicanos, or Pemex, in the energy industry. He has canceled oil auctions and contracts with private firms, and has sought to increase the role of Pemex in the refining and distribution of fuel.
The president has also sought to reduce the role of private companies in the sector, and has canceled oil auctions and contracts with private firms. He has also sought to increase the role of Pemex in the refining and distribution of fuel.
The government has also sought to increase the role of Pemex in the exploration and production of oil and gas. The company has been struggling with declining production and has been unable to reverse the trend.
Effects on Private Companies
The government’s policies have had a significant impact on private companies operating in the energy sector. Companies such as Trafigura, which had been active in the Mexican oil market, have seen their activities curtailed.
The company has been forced to reduce its activities in the country, and has been unable to secure new contracts with Pemex. The company has also been unable to secure new contracts with private firms, as the government has sought to reduce the role of private companies in the sector.
The government’s policies have also had a significant impact on the Mexican oil market. The government has sought to reduce the role of private companies in the sector, and has canceled oil auctions and contracts with private firms. This has led to a decrease in the number of private companies operating in the sector, and has led to a decrease in the liquidity of the Mexican oil market.
Impact on Trafigura
The government’s policies have had a significant impact on Trafigura’s operations in Mexico. The company has been forced to reduce its activities in the country, and has been unable to secure new contracts with Pemex. The company has also been unable to secure new contracts with private firms, as the government has sought to reduce the role of private companies in the sector.
The company has also been forced to reduce its staff in Mexico, as the government’s policies have made it difficult for the company to operate in the country. The company has also been forced to reduce its investments in the country, as the government’s policies have made it difficult for the company to operate in the country.
Outlook
The outlook for the Mexican energy sector remains uncertain, as the government’s policies have had a significant impact on the sector. The government has sought to reduce the role of private companies in the sector, and has canceled oil auctions and contracts with private firms. This has led to a decrease in the number of private companies operating in the sector, and has led to a decrease in the liquidity of the Mexican oil market.
The government’s policies have also had a significant impact on the companies operating in the sector. Companies such as Trafigura have been forced to reduce their activities in the country, and have been unable to secure new contracts with Pemex. The company has also been unable to secure new contracts with private firms, as the government has sought to reduce the role of private companies in the sector.
The future of the Mexican energy sector remains uncertain, as the government’s policies have had a significant impact on the sector. It remains to be seen how the government’s policies will affect the sector in the long term, and how the companies operating in the sector will be able to adapt to the changing environment.