Mexico Energy Reforms Thought Leadership
Mexico is one of the ten largest oil producers in the world and an important partner in the U.S. energy trade. However, the amount of oil produced in Mexico has steadily decreased since 2004 due to natural production declines from large offshore fields. Recently enacted and potential reforms could, however, liberalize the sector and promote greater foreign investment.
Mexico’s new energy reform ends 75 years of state monopoly in the local oil and gas (O&G) and electricity sectors. It is meant to attract private capital and technical expertise to build the Mexican energy industry, maximize O&G revenue and boost economic growth through 2025. The Mexican government has set ambitious goals to increase economic growth in a sustainable manner and significantly raise O&G and electricity production levels to achieve their milestones. By opening up the sector, the country seeks to attract foreign investments and technical know-how. The Mexican government will enter into arrangements with foreign players to exploit under-utilized, unconventional O&G reserves and increase competition in the electricity sector to lower local prices.
For further information regarding the Mexican Energy Reform click on the following:
|Mexican energy reform - Opportunity knocks
This report provides overview on Mexico’s new energy reform and how a large and potentially accessible oil and gas resources was tapped.
|Mexican utility reform - Powering the future
Learn how the recently adopted energy reforms will reshape the power and utilities sector in Mexico.
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