Mexico

Mexican authorities open up petroleum sector to investors

by moveforward on December 21, 2013

Mexican authorities open up petroleum sector to investors

Mexican authorities open up petroleum sector to investors

Historically the Mexican petroleum market has been the possession of the Mexican people and Mexican governments. This is an area of industry which has been a major part of the Mexican Constitution which effectively bans private and overseas investors. However, the situation has changed with the Mexican authorities forced to open up the state run petroleum sector to outside investors.

While this move will dismay many Mexicans the fact remains that despite enormous reserves Mexico is currently forced to import enormous amounts of petroleum. This will surprise many people although the reasons for the change in policy may not! [click to continue…]

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