Tue, Mar 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Energy, Oil more

OPEC set to suffer at the hands of Mexico’s energy market reform

Posted on 15 August 2013

The recent reforms that President Enrique Peña Nieto plans to introduce to Mexico’s energy sector, has the potential to boost the country’s oil output to 1980 levels, whilst at the same time reducing US dependence on OPEC, and creating more stability in the global market.
Mexico was the first country in the world to take full control of its oil industry, and one of the major parts of the new reforms will see state-owned Pemex’s monopoly reversed, allowing, for the first time in more than 50 years, foreign companies to invest in exploration and production ventures in the country………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39895 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031