The proposed regulatory overhaul aims to streamline rules governing production, transport and distribution of the fuel.
The state utility's affiliate CFEnergía has launched the first phase of a program to convert tanks for light fuel storage.
Venezuelan state oil company PDVSA to supply heavy crude to refinery under development in China's Guangdong province.
Dwindling output from existing operations, limited opportunities for new acreage and a prolonged crude price slump have prompted a sharp rise in EOR demand in the region, according to Canada's IFP Technologies.
The removal of subsidies from gasoline and diesel could spur electric vehicle use and lower emissions.