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Mexico Congress Passes Historic Energy Bill
Keywords:
Mexico's Congress passes changes to the constitution and new oil legislation which will allow foreign companies to compete with state owned Pemex. Challenges remain in the form of creating transparent regulators to implement the legislation, and ensuring that the benefits of the increased investment in the oil industry benefit ordinary Mexicans through a higher growth rate, using cheaper natural gas to support the manufacturing sector, and additional revenues from the increased oil and gas production tha support health, education and infrastructure development.
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
Mexico's Oil Industry
02/09/2006
The oil industry in Mexico.
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 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 shift to becoming a net oil importer in March 2013 and the new oil law to attract foreign investment
12/12/2013
With global investment in U.S. oil and shale development, experts say Mexico's oil law will only remove the first impediment to foreign inestment in the Mexican oil industry. The urgency for the legislation comes at a time when Mexico's oil exports dropped from 1.37 million barrels a day to 0.9 million barrels a day by August 2013. As Mexico also imports products from U.S. oil refineries of 0.8 million barrels a day, Mexico was nearly a net oil importer by August 2013.
Grouped Articles
How Shale Helped Frack Mexico's Energy Impasse
Wall Street Journal 12/12/2013
Mexico Congress Passes Historic Energy Bill
Wall Street Journal 12/13/2013
Wall Street Journal 12/13/2013
For U.S. Drillers, the Days of Easy Money End
Wall Street Journal 01/02/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
Mexico Mulls Curtailing Energy Bids Amid Falling Prices
Wall Street Journal 12/06/2014
Mexico's changes to its constitution and oil law that allow foreign oil companies to compete with Pemex in 2013
10/01/2012
The PAN party tried repeatedly to make the changes to the constitution for the last decade to open up the oil industry to major oil companies but failed to win the support of the PRI party for a two thirds majority in Congress. In a historic vote the PRI and PAN parties join to make the changes in 2013. Mexico could become a net oil importer by 2020 if production remains stuck at 2.5 million barrels a day, say experts. Western oil companies knowhow and investment is sorely needed to expand production. Mexico is able to invest only
Grouped Articles
Mexico Energy Bill to End Pemex's Monopoly on Oil
Wall Street Journal 12/08/2013
Senators Pass Mexico Oil Plan as Snag Arises
Wall Street Journal 12/12/2013
How Shale Helped Frack Mexico's Energy Impasse
Wall Street Journal 12/12/2013
Mexico Congress Passes Historic Energy Bill
Wall Street Journal 12/13/2013
Wall Street Journal 12/13/2013
Pemex CEO: Mexican Energy Overhaul Opens Opportunity
Wall Street Journal 12/14/2013
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
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
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