
Pemex Is at a Crossroads
Mounting debt and declining production have put the state-owned oil company on a precarious path.
Mounting debt and declining production have put the state-owned oil company on a precarious path.
Fulfilling the country’s commitments to reduce emissions will be a critical task for the next administration.
AMLO’s push to protect Pemex and CFE is hurting the companies themselves.
The region’s big energy firms are mostly lagging in the transition away from fossil fuels. More can be done.
AMLO’s push to expand state control over energy markets is misguided and harmful.
AMLO has pledged to revive Mexico’s state oil firm, but the company’s five-year plan may do more harm than good.
In Nov. 2013, just weeks before Mexico’s historic energy opening was signed into law, two-time presidential candidate Andrés Manuel López Obrador sent an open letter to the CEO of ExxonMobil, Rex Tillerson “informing” the executive that Mexico’s oil belonged to its people. López Obrador urged Tillerson to measure the costs of investing in Mexico should the reform … Read more
In Mexico, the debate on opening the state oil company, Petróleos Mexicanos (Pemex), to private investment is well under way. On September 8, as President Enrique Peña Nieto unveiled the government’s budget for 2014, several thousand protesters gathered in the center of Mexico City in front of a massive banner that read “Por Nuestro Presente … Read more