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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

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