Mexico is laying out the welcome mat for Canadian companies to participate in its energy sector, which is opening up to outside investment after more than 75 years of government control.
A delegation of Mexican government and business officials came to Calgary on Monday to court Canadian expertise and investment. The country has huge untapped oil and gas potential in tough-to-access shale formations, but its state-run oil firm, Petroleos Mexicanos (PEMEX), doesn’t have the financial wherewithal or technical know-how to exploit it.
Mexico’s production has been in sharp decline for the past decade, and . . .
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