Mexico energy reforms: options dissected

Author: Danielle Myles | Published: 28 Aug 2013
  • Mexico’s three main political parties have introduced bills to allow for greater foreign participation in Mexico’s closed energy sector;
  • Under the President’s bill, the federal constitution would be amended to remove the state’s exclusive rights over oil production;
  • This would mark the end of state-run Pemex’s 75 years as the sole operator in the country’s oil sector;
  • Local lawyers prefer to allow for foreign participation through joint ventures rather than concession rights, as joint ventures promises technology transfer;
  • Pemex’s division into two operating entities is expected to be announced shortly.

The Mexican government has started the long and uncertain process of permitting foreign investment in its state-run oil sector.

Despite significant public pushback, local lawyers believe change is...


 

 

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