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This paper analyzes the conditions facing the oil refining industry in Mexico and the factors that shaped its overhaul in the context of the 2013 Energy Reform. To do so, the paper examines the main challenges that refining companies must tackle to stay in the market, evaluating the specific cases of the United States and Canada. Similarly, it offers a diagnosis of refining in Mexico, identifying its principal determinants in order to, finally, analyze its prospects, considering the role of private initiatives in the open market, as well as Petróleos Mexicanos (Pemex), as a placeholder in those areas where private enterprises do not participate. [ABSTRACT FROM AUTHOR]

Major oil fields have played an essential role in the global hydrocarbon supply, but the majority are now in decline. The Cantarell macro-reserve has produced significant volumes of hydrocarbons and brought countless benefits to the country, but starting in 2004, the exhaustion of the Cantarell supply began to affect the oil production platform. This research studies all of the factors that have had an impact on the performance of this macro-reserve, which are fundamental to explain the current state of affairs. The conclusion is that the management of the Cantarell oil field was less than optimal during the three time periods identified in the paper, as decisions were made on a nontechnical basis, which contributed to the decline and the series of challenges facing the oil complex today. These difficulties could, in turn, be mitigated through the use of technology. [ABSTRACT FROM AUTHOR]