By Duncan Wood, Special to CNN Editorâs note: Duncan Wood is the director of the Mexico Institute at the Woodrow Wilson International Center for Scholars. The views expressed are his own. This is the latest in the ‘14 in 2014’ series, looking at what the year ahead holds for key countries.
CausÃ³ una integraciÃ³n econÃ³mica mucho mÃ¡s profunda que la esperada…
Mexicoâs historic vote to open its oil and gas sector to private investment after 75 years yoked to the state is a political coup for Enrique PeÃ±a Nieto, the reform-minded president. Now for the hard part: delivering on it. Early next year, the
My latest piece on Mexico’s fiscal reform package
My interview on Platts Energy Week TV
Analysts say Pemex â which has long been a symbol of national sovereignty â needs tens of billions of dollars in private investment to stay competitive.
The Mexican Senate and Chamber of Deputies have approved a historic legislative initiative that reforms the countrys energy sector. While much still needs to be decided, in the way of secondary laws, implementation and institutional strengthening, this change should create an oil and gas sector in Mexico ripe with opportunity.
Panelists talked about the Mexican government’s decision to open its country’s energy sector to private investment for the first time in 75 years. The constitutional amendment ending the state monopoly on oil production by Pemex was approved by the Mexican Congress on December 12, 2013, and was ratified by state assemblies earlier in the week. In opening remarks, Mexican Under Secretary of Hydrocarbons Enrique Ochoa Reza described the process that would eventually allow private companies to drill for oil and gas. “Opening Mexico’s Energy Market: What Does It Mean for Mexico and Beyond?” was an event to launch the Atlantic Council’s report, [Mexico Rising: Comprehensive Energy Reform at Last?], authored by energy consultant David Goldwyn.
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Happy to announce that the 2nd edition of my book with George Maclean is now on sale
At long last, reform is in sight for Mexico’s oil monopoly Pemex.