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 in production.
Instead, the drop in oil prices has forced Mexico's government to slash $8.4 billion from its 2015 budget, with most of the cutbacks expected to come in the energy sector. Analysts predict the energy partnerships made . . .
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