Related Articles
Forward article link
Share PDF with colleagues

Mexico: Compromises more likely following Pemex referendum

A REFERENDUM organised by an opposition political party on the future of state-owned Pemex produced a thumping majority against allowing greater private-sector involvement in the oil sector. That does not spell the end of government attempts to push through reforms aimed at greater liberalisation of Pemex, but it may make compromises more likely. Discussion of Pemex among Mexicans is often contentious, given its iconic role as the country's biggest revenue earner – providing nearly 40% of government income – and as a large employer. Indeed, the company's status as a publicly owned entity is enshrined in the country's constitution However, the national oil company has been struggling to fun

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy