President-elect Andres Manuel Lopez Obrador (AMLO) wants to reactivate and boost the growth and development of the Mexican energy sector. He has announced his working group for this sector, which is characterized by having unusual profiles for the positions.
The election of Andres Manuel Lopez Obrador (AMLO) created much concern between investors due to his proposals against private investment, especially in the oil industry. Total Foreign Direct Investment (FDI) decreased during the third quarter of 2018, but this metric showed a positive behavior in the oil sector, despite concerns.
Rocio Nahle, who will soon be in charge of the Energy Secretariat (Sener), spoke about the importance of developing AMLO’s refinery project in Tabasco. Deputies of Mexico’s Institutional Revolutionary Party (PRI) think otherwise.
The oil rounds were positioned as one of the main ways to leverage the country’s oil potential. However, the election of Andres Manuel Lopez Obrador (AMLO) questioned the continuity of these processes and it seems like there is already a negative decision on the future of such auctions.
Mexico is facing times of great uncertainty due to Pemex’s inability to meet local demand for natural gas. Concerns have recently increased due to talk about cancelation of some gas contracts. Representatives from various sectors spoke about this situation.
The President-elect proposed rolling the National Hidrocarbons Comission (CNH) and the Energy Regulatory Comision (CRE) into the Energy Secretariat (Sener). Experts explain why that might be against the law.