The Pemex Door Has Opened

Latin America Center Director Peter Schechter and Deputy Director Jason Marczak wrote a guest blog for the Financial Times to coincide with the newly published briefing on Mexico’s energy reform.

Mexican President Enrique Peña Nieto capped a year of reform with a final act that far exceeded expectations of the 47-year-old leader’s first year. Energy reform, passed by the Senate and Chamber of Deputies last week, will end a 75-year policy prohibiting private investment in the country’s hydrocarbons sector. Details need to be worked out, but expectations are that Mexico’s newly-competitive energy sector could catapult the world’s ninth-largest oil producer up to the fifth-largest in a decade.

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