The government announced that it wants to adjust the judicial system so that those involved in crimes like oil theft and illegal possession of weapons can be punished with jail time.
Mexico wants to boost the oil sector through Energy Reform, as this industry is facing great difficulties to meet local demand. Pedro Joaquín Coldwell, Secretary of Energy, spoke about the situation of the sector and the challenges to overcome.
The Mexican government granted several blocks in Round Zero to Pemex to guarantee that the company continued to be the main player in the oil sector after Energy Reform. The company also acquired goals for these blocks but the firm has failed to meet most of them.
Latin American countries aim to boost their oil industry, and they are making changes to achieve it. Many heavy weights have shown their interest in the region. Competition is increasing, governments are planning their strategies and companies are analyzing the most attractive alternatives.
President Enrique Peña Nieto and the Mexican Association of Fuel Entrepreneurs (Amegas) spoke about the impact on Energy Reform in the country.