The Mexican economy has, for decades now, been strongly tied to the US’ economic activities and fluctuates according to its neighbor’s development. The US is Mexico’s most important export market as over 80% of the country’s exports go there yearly. Exports also represent a large part of the national GDP and their participation has increased [...]Continue Reading →
Although the initial legislative process involved in passing the Energy Reform might have concluded, the political struggle inherent to the debate that surrounds this historic reform is far from being over or even slightly decreasing its volume (or its pitch, for that matter). Now that Pemex is about to become [...]Continue Reading →
2013 will no doubt be remembered as a decisive year for the Mexican oil and gas industry. Although there are obvious reasons why this statement rings true (Energy Reform being chief among them), perhaps it is important to briefly go over certain overlooked industry developments from 2013. It is possible that we then [...]Continue Reading →
The following is a translation of an interview given by Pemex CEO Emilio Lozoya Austin to the newspaper Reforma, published today in the “Negocios” section under the byline of journalist Alexandra López.
What is next in the short term for Pemex?
In the very short term, the first thing we will see is the internal [...]Continue Reading →
The necessary number of local congresses has ratified the energy reform only a little over three days after being approved in the Lower House. This unusual demonstration of consistent legislative expediency from the part of Mexican representatives all over the country is sure to inform the suspicions of many members of the opposition [...]Continue Reading →
It was in the midst of shouting matches, barricades and stripping politicians that the long-awaited Mexican Energy Reform passed the Lower House (in an alternate auditorium after access to the main house floor was blocked by members of the PRD opposition) Thursday morning. This came after yet another 20-hour legislative session in what [...]Continue Reading →