Photo credit: Oil drilling rig arriving at New Plymouth, Taranaki, New Zealand, 10 August 2008 by Phillip Capper There are impending plans to potentially overhaul the Mexico’s oil industry. The government has unveiled a controversial bill, which seeks to make changes to the Constitution to allow the partnership of private companies and Pemex to exploit the large reserves of oil and shale gas. The...
Photo credit: Walmart de Mexico renewable wind energy by Walmart Today, Mexican President Enrique Peña Nieto officially presented its proposal to reform energy sector (oil and electricity). Here is a quick preview of the hard debate to come: Constitutional reform will allow production sharing agreement with private companies. There will be a new tax regime of PEMEX. Currently PEMEX is taxed with...
Photo credit: tiny adorable oil pump by Heidi De Vries As many energy sector investors know, Mexico is world’s sixth largest oil producer and is the tenth largest net exporter of oil. Mexico’s production is only behind that of the United States in North America and surpasses Canada’s oil production efforts. As may be expected, the petroleum sector is incredibly important to the country’s...
I am a Mexican lawyer with experience in technology, energy, automotive, infrastructure and business. Worked for law firms, international companies and Government bodies on business advice, regulatory compliance and litigation.