World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Keywords:
President Enrique Pena Nieto proposes changes to the constitution in August 2013 to modernize Mexico's Pemex and open it up to working with foreign oil companies. Recognizing that a majority of public opinion is opposed to changes, Nieto gets the support of the PAN opposition party for a two thirds majority in parliament. He also navigates the difficult waters of Mexican history and the nationalization under President Cardenas in 1938, by saying: "Pemex will not be sold, nor privatized...The spirit of this reform recovers the best of our past to conquer the future." Previous reform effort in 2008 failed because of protests on the streets of Mexico City. A stalling Mexican economy and lower oil production has created new momentum for the effort to modernize Pemex and introduce better management for oil resources and new technologies. A consensus between the ruling PRD party and the PAN opposition party gives Nieto the two thirds majority needed, and sufficient support from the right and centre political parties to carry this through. The example of Brazil's Petrobras, which has discovered oil in the deep waters of the Atlantic and developed its own technological capabilities by working with foreign oil companies, also gives Mexico an example to follow. Under President Cardozo Brazil opened up its oil industry to work with foreign oil companies in the 1980's.
Mexico's Pemex and decline in output from the Cantarell Oil Field
02/09/2006
Grouped Articles
To power Mexico forward, Peña Nieto looks to energy reform - The Washington Post
Washington Post 05/09/2013
Mexico's Leader Tackles Historic Oil Law
Wall Street Journal 08/02/2013
Mexico Moves to Overhaul Oil Industry
Wall Street Journal 08/13/2013
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
Mexican oil workers fear Pemex proposal - The Washington Post
Washington Post 08/15/2013
Mexico Pitches Oil Sector Overhaul to Skeptical Audiences
Wall Street Journal 08/14/2013
U.S.-Mexico oil drilling agreement for deep waters on maritime border
02/21/2012
The agreement makes it easier for Pemex to drill int he deep water of the Gulf. Pemex has seen oil production decline from older wells over the years and badly needs to find more oil. The agreement also provides for safer drilling in waters going down to 11,000 feet after the BP Horizon oil spill. Mexico is keen on repeating the success of Brazil in deep water oil exploration.
Grouped Articles
To power Mexico forward, Peña Nieto looks to energy reform - The Washington Post
Washington Post 05/09/2013
Mexico Moves to Overhaul Oil Industry
Wall Street Journal 08/13/2013
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
How Shale Helped Frack Mexico's Energy Impasse
Wall Street Journal 12/12/2013
Mexico’s State-Owned Oil Giant, Pemex, Is in Uncharted Waters
New York Times 10/28/2014
U.S., Mexico Sign Deal on Oil Drilling in Gulf
Wall Street Journal 02/21/2012
Mexico's oil industry under the administration of president Nieto
05/09/2013
Grouped Articles
To power Mexico forward, Peña Nieto looks to energy reform - The Washington Post
Washington Post 05/09/2013
Mexico's Leader Tackles Historic Oil Law
Wall Street Journal 08/02/2013
Mexico Moves to Overhaul Oil Industry
Wall Street Journal 08/13/2013
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
Mexican oil workers fear Pemex proposal - The Washington Post
Washington Post 08/15/2013
Mexico Pitches Oil Sector Overhaul to Skeptical Audiences
Wall Street Journal 08/14/2013
Pemex 2013 auctions and need for reforms
08/13/2013
Grouped Articles
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
Mexican oil workers fear Pemex proposal - The Washington Post
Washington Post 08/15/2013
Mexico's Pemex Looks to Tap U.S. Shale
Wall Street Journal 08/18/2013
Falling Oil Prices Could Affect Supply, Pemex CEO Says
Wall Street Journal 12/20/2014
Pemex Chief: Mexico’s Oil Giant on Track to Meet Spending-Cut Goals
Wall Street Journal 05/04/2016
Mexico's oil law and the limited foreign investment in the oil industry
10/01/2012
Efforts by the Pena Nieto administration to change the oil law from the period of nationalization in 1938 which limits foreign investment in the oil industry. Mexico needs foreign investment to increase oil exploration and production.
Grouped Articles
Mexico's Leader Tackles Historic Oil Law
Wall Street Journal 08/02/2013
Mexico Moves to Overhaul Oil Industry
Wall Street Journal 08/13/2013
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
Mexico Pitches Oil Sector Overhaul to Skeptical Audiences
Wall Street Journal 08/14/2013
Traveling on the Road to Mexico's Oil Revival
Wall Street Journal 08/13/2013
How Mexico Ended Political Gridlock
Wall Street Journal 08/15/2013
Mexico's history from the period of nationalization by Cardenas in 1938 and changes to the constitution under president Nieto in 2013
08/13/2013
Pena Nieto's effort to navigate the difficult waters of Mexican politics and public sentiment to modernize Pemex operations with technology from major oil companies. The changes to the constitution requiring a two thirds majority is made possible by prior agreement with the opposition PAN party. A majority of public opinion, about 65% according to some polls, is opposed to the changes. Passage is made easier by making agreements similiar to Malaysia, Iraq and other countries, with Mexico not giving ownership to foreign oil companies, only paying for a portion of the oil in production sharing agreements.
Grouped Articles
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
Mexican oil workers fear Pemex proposal - The Washington Post
Washington Post 08/15/2013
Mexico Pitches Oil Sector Overhaul to Skeptical Audiences
Wall Street Journal 08/14/2013
Traveling on the Road to Mexico's Oil Revival
Wall Street Journal 08/13/2013
Mexico's Pemex Looks to Tap U.S. Shale
Wall Street Journal 08/18/2013
Energy Plans Derail Political Accord in Mexico
Wall Street Journal 11/30/2013
The contrasting experiences of Brazil's Petrobras and Mexico's Pemex and president Nieto's effort to do for Pemex what Cardozo did for Petrobras
04/21/2006
Linked Articles
Brazil's Petrobras: Self-Reliant or Pliant?
Wall Street Journal 04/21/2006
Mexican president proposes historic changes to state-owned Pemex oil monopoly - The Washington Post
Washington Post 08/13/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us