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New wave for Mexican oil

The reforms have been successful so far, but must be consolidated in 2017

Three years after the December 2013 approval of a historical constitutional reform in the energy sector, Mexico stands on the brink of success. Rapid congressional debate and approval of implementing laws in August 2014, the establishment of regulatory authorities and responsibilities, and the conclusion of three bidding rounds (with a fourth scheduled for the deepwater in December 2016) together mark an extraordinary achievement. It is extraordinary by comparison with other countries that have liberalised their oil and gas sectors, and simply stunning given Mexico's normal pace of change. We should tip our hats to the government. It's worth noting just how much dialogue has taken place bet

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