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Reform in Mexico gives regulators more power

Mexico’s newly empowered energy regulators will be critical to the success of the opening. They have their work cut out

The days when Pemex was so large and powerful it could pay little heed to its regulators are over. At the heart of Mexico’s energy reforms has been an effort to restructure the way its dysfunctional industry is governed, empowering independent regulators and confining Pemex’s role to running its own business.  The result has seen the emergence of a governing triad comprising a newly empowered independent oil regulator in the National Hydrocarbons Commission (CNH) as well as the Energy (Sener) and Finance (Hacienda) ministries. Each of the players has a crucial role to play in the roll out of Mexico’s energy reforms. Sener will be in charge of upstream policy, determining which areas to auc

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