Siemens looking to modernize Pemex

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Siemens wants to become the primary provider of technology and industrial solutions in the Pemex's modernization process, as part of the 2017-2021 business plan, to make processes more efficient and save US$1.59 billion. Alexandro Debler, director of the Oil & Gas division of the firm, explained: “We are working with entrepreneurial groups to modernize the facilities, but also directly with Pemex, with a greater focus on machinery, electric systems, automation, controls and others”.