Mexico is among the world’s top oil producers, but it’s seen oil production hobbled over the past decade, thanks to a need for investment and expertise. By this summer, approval of legislation tied to the country’s energy reform could help change the landscape for Mexico’s energy sector.
As Mexican congressman Javier Treviño recently stated, Mexico’s energy reform is “historic, real, and transformational.” The reform breaks up a state monopoly over energy in Mexico that has existed for more than 75 years. Currently, Petróleos Mexicanos, or Pemex, the state oil company, runs all oil . . .
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