According to the outgoing Mexican president in his morning press conference on Friday, both public companies are strategic and cannot be left to the market alone, because national consumers are "in the middle."

Mexican President Andrés Manuel López Obrador has recommended that the country's future president, Claudia Sheinbaum, continue to provide financial support to both state-owned oil company Pemex and the Federal Electricity Commission (CFE), the public company that provides electricity, telecommunications and the Internet to the country.

According to what he said in his morning press conference on Friday, both public companies are strategic, and the market cannot be left to its own devices, because "national consumers" are involved.

Along these lines, the president was pleased that the future president, who will officially take office in October, shares his views on this matter, and is determined to maintain the energy policy of the outgoing government. It should be remembered that Sheinbaum is a member of Morena, the same political party that López Obrador is a part of.

Referring to figures, the Mexican president has highlighted the fall in Pemex's financial debt over the six years he has been at the helm of the country, while the decline in production has been reversed.

The debt reduction has been approximately US$32.9 billion since 2018. "This is not known or is not said," López Obrador added.

The same has been highlighted by the Federal Electricity Commission, which already produces 52% of the energy consumed in Mexico, compared to 38% at the beginning of the six-year term, and is expected to reach 60% by the end of this year.

"Instead of ruining these two public companies, they were rescued. And looking ahead, I am very happy," said the president, in relation to past events and his perspectives on Sheinbaum's actions with respect to both companies.