AFP: Mexico unveiled rules Thursday for the first phase of its historic opening of the oil sector to foreign investors, pledging transparent auctions in July for 14 shallow-water fields.
The highly-anticipated guidelines were made public four months after Congress gave final approval to legislation allowing foreign companies to drill for oil for the first time since 1938. Read more.
The MexicoBlog of the CIP Americas Program monitors and analyzes international press on Mexico with a focus on the US-backed War on Drugs in Mexico and the struggle in Mexico to strengthen the rule of law, justice and protection of human rights. Relevant political developments in both countries are also covered.
Showing posts with label energy reform legislation. Show all posts
Showing posts with label energy reform legislation. Show all posts
Dec 11, 2014
Amid Mexico's Energy Reform, Fuel Theft Poses Risks
Stratfor: Two years into Mexican President Enrique Pena Nieto's six-year term, the president has already managed to pass contentious energy reform legislation that will allow foreign energy firms to operate independently inside the country. The government will award the first of these contracts in the first half of 2015, marking the beginning of an ambitious effort to revitalize Mexico's lagging energy sector.
For foreign companies, however, 2015 will also be an introduction to Mexico's complex security environment and its shifting constellation of transnational criminal groups, commonly referred to as cartels. Mexico's state-owned energy company, Petroleos Mexicanos, or Pemex, and its various contractors are already keenly aware of the risks these groups pose. This risk has intensified in recent years as organized crime groups have sought to diversify their operations beyond trafficking and have expanded fuel theft.
For foreign companies, however, 2015 will also be an introduction to Mexico's complex security environment and its shifting constellation of transnational criminal groups, commonly referred to as cartels. Mexico's state-owned energy company, Petroleos Mexicanos, or Pemex, and its various contractors are already keenly aware of the risks these groups pose. This risk has intensified in recent years as organized crime groups have sought to diversify their operations beyond trafficking and have expanded fuel theft.
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