PROJECT

Projects

Summary of Investment Information

Project Number

37179

Company Name

CITLA ENERGY, S.A.P.I. DE C.V.

Date SPI Disclosed

Oct 2, 2015

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Dec 3, 2015

Environmental Category

A - Significant

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry INF LAC & EUR

Industry

Metals and Mining

Previous Events

Approved : Dec 15, 2015
Signed : Apr 14, 2016
Invested : May 16, 2016

Sector

Oil and Gas Production (Includes Development)

Project Description

IFC is looking to make an investment in Citla Energy S.A.P.I de C.V. (“Citla” or “the Company”), a newly formed Mexican independent exploration and production company. With offices in Mexico City and Houston, Texas, the Company is actively participating in the opening of the Mexico oil and gas sector, where it seeks to build a balanced portfolio of selected onshore and offshore assets, both independently and in partnership with other industry participants. Citla represents a unique opportunity for IFC to take on an early mover role and providing strategic financing for long-term investments that are critically needed in the sector.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation