Posts by: Alexander Mahoney

It emerged last week that plans to invest USD 11bn in a refinery plant in Tula were removed from the Pemex 2014-2018 Business Plan, following fears that the level of investment could place the NOC under untenable pressure. The refinery, which was widely regarded as former President Calderón’s flagship project, requires the collaboration of the […]

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As the weeks go by the energy reform proposals continue to stir up much debate and activity on the streets of the capital. The breakaway CNTE teacher’s union, a rather unexpected participant, recently popped up on the capital scene, blocking Mexico City’s streets in retaliation for the introduction of an overdue process of teacher evaluation, […]

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Manuel Cervantes, Head of MCM Abogados, a firm of Mexican lawyers rendering integral legal services specialized in the development of oil & gas, energy and infrastructure projects, has kindly provided a courtesy note on the new tax regime for Pemex – President Peña Nieto’s proposal:

In general terms, pursuant to the proposal, there will be […]

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The proposals for reform hold great potential in terms of helping Mexico establish Pemex as a global leader in the oil and gas industry. However, the constitutional changes will not spell out exactly how foreign oil and gas investment in Mexico will proceed. The Proposal drafted by the current administration refers to ‘profit sharing’ agreements […]

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Pedro Joaquín Coldwell, the energy minister, announced that should the energy reforms be approved without amendments, there will be gas stations in the market that do not belong to Pemex. He went on to explain that this would allow companies that have access to refineries locally, such as Shell and BP, to commercialise their products, […]

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Responding to what is now a mounting and deafening public argument between politicians, economists, analysts, columnists and activists, Mexican president Enrique Peña Nieto announced on twitter he was postponing his official unveiling of the PRI’s proposal for energy reform until next week. One could argue, however, that this unveiling is merely a political gesture, since […]

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