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Tag Archives: Enrique Peña Nieto

Oil’s slump a blow to Mexico amid touted energy reforms

MEXICO CITY — The lowest oil prices in nearly six years couldn’t have come at a worse time for Mexico, which last year opened up oil-sector investment to private companies for the first time in decades. The landmark energy reform aimed to boost revenue by enabling Mexico to tap undeveloped fields and adopt newer technology to reverse a decade-long slide ...

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New pipeline another step toward Mexican energy independence

Petróleos Mexicanos (PEMEX) announced this week that its Interoceanic Corridor pipeline is officially complete and will begin operation in short order. The pipeline stretches approximately 310 miles, uniting the Gulf of Mexico to the Antonio Dovalí Jaime refinery in Salina Cruz, Oaxaca on the Pacific coast. The pipeline itself was a US$338.1 million expense for Mexico, but it comes with a ...

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Mexico opens gas, oil to foreign, private firms

Mark Stevenson | The Associated Press MEXICO CITY — President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico’s state-run oil, gas and electricity industries to foreign and private companies. Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for ...

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Mexico oil contracts set to be delayed: official


MEXICO CITY (Reuters) – The first big set of contracts for oil and gas development in Mexico are likely to be delayed a few months, an energy ministry official said on Tuesday, after disagreements in Congress over detailed legislation to underpin them. Congress is currently discussing so-called secondary laws, including some new rules and amendments to existing ones, needed to ...

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Mexico cites major interest in oil reform, including from China

PARIS (Reuters) – The Mexican government’s opening of its oil and gas industry is attracting major interest from investors worldwide, including companies from China and Singapore, Economy Minister Ildefonso Guajardo said on Monday. After passing a reform in December to end a 75-year oil and gas monopoly held by state oil producer Pemex, President Enrique Pena Nieto last week sent ...

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