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 →
Last week, at the 2014 World Economic Forum Annual Meeting in Davos, Switzerland, Mexican President Enrique Peña Nieto and certain key members of his cabinet were kept busy by a series of treaties and cooperation agreements that Mexico signed with various states and companies. In total, Mexico managed to lock down over US$7.3 [...]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 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 →
For further reading on the subject of yesterday’s post, you can check out this article on Romero Deschamps’ reaction to his exclusion from the Pemex Board of Directors in El Occidental, or this comparison between “La Quina” and Deschamps put together by ADN Político.
Energy reform has passed in the Mexican [...]Continue Reading →