Related Articles
Forward article link
Share PDF with colleagues

Mexico's energy sector must prove its worth amid low prices

The long-overdue opening of the country’s energy sector promises much – for Mexicans and the world, but first the country needs to attract companies

First there was excitement over Mexico’s energy reforms. President Enrique Pena Nieto went further in opening the industry to private and foreign investors than most thought he would, casting off nearly 80 years of energy isolation that has cost his country dearly in recent years.  Then there was hand wringing. The steep fall in the oil price has complicated the opening and poses questions about the profitability of Mexico’s oilfields if low prices linger. When the reforms were first announced, oil companies were flush from high prices and eager for new frontiers. Now, Mexico must win over companies that are slashing budgets and unsure of the market’s direction.  Soon, though, it will be d

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad