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Energy Intelligence said Tuesday that Emilio Lozoya Austin, CEO of Petróleos Mexicanos (Pemex), has been honored as “Petroleum Executive of the Year.”

The 2014 award was selected by top global industry executives.

It will be presented to Lozoya on October 29 at an honorary dinner during the 35th Annual Oil & Money Conference in London.

Lozoya was appointed CEO of Mexico’s state-owned petroleum company, Pemex, in December 2012. He previously served as the head of the International Affairs Office on the Transition Team of Mexican President Enrique Peña Nieto.

He has also worked in international banking and was the cofounder of investment funds specializing in international private capital investments.

Lozoya played a key role working alongside Mexican President Peña Nieto to obtain passage of Mexico’s historic energy reform, which opened Mexico’s oil sector to outside investment for the first time since 1938.

Pemex has enjoyed a state monopoly but will begin partnering with foreign investors.

“Emilio Lozoya is Chief Executive at a crucial point in Mexico’s energy history,” said Thomas Wallin, editor-in-chief and executive vice president of Energy Intelligence.

The Petroleum Executive of the Year selection process begins with Energy Intelligence eliciting nominations from the heads of the 100 largest oil companies determined by the annual company rankings in Petroleum Intelligence Weekly.

The nominations are then voted on by a committee of previous award winners and former senior oil executives.

Former winners include Peter Voser of Royal Dutch Shell (2013), Fu Chengyu of Sinopec (2012), José Sergio Gabrielli de Azevedo of Petrobras (2011), Andrew Gould of Schlumberger (2010), Christophe de Margerie of Total (2009), Paolo Scaroni of Eni (2008) and H.E. Abdulla al-Attiyah of Qatar (2007).