The Energy Reform has had poor results since its implementation. Mexican authorities were waiting big effects. For some specialists it has been a failure, but for the government the country has to wait more time to observe the benefits.
Emilio Gamboa, leader of the senators of the Institutional Revolutionary Party (PRI) said that the Energy Reform has brought many benefits to the country. Mexicans should start to appreciate it, according to the senator.
The election of Donald Trump as president of the United States has generated much debate and concerns. Some positions of the elect president could affect Mexico, but local politicians want to send a message of tranquility to the different economic sectors and the population.
The National Chamber of the Transformation Industry (Canacintra) demanded Pemex Industrial Transformation (PTI) and Pemex Etileno to release their budget and provide maintenance services for its plants in Cangrejera and Morelos petrochemical complexes.
Veracruz has been one of the most affected States by low oil prices. The zone is facing an economic crisis because of this. The mayors of municipalities argue that the situation has been tougher due to the Veracruz State government´s irresponsibility.
Omar Ricárdez Chong, Mayor of Moloacán, wants to move oil-workers from Villa Cuichapa next December. On this date, the Oil-Company Lifting will start operating. The firm has a contract to drill for the next thirty years.
Pemex continues to show negative results and there is no a real solution to it. Even so, Mexican authorities believe that the firm does not need more help.
Mexico should strength fiscal sustainability and a path to achieve this, is to increase revenues through a tax reform, World Bank recommend it. In this way, the country could replace oil revenues that have fallen by low prices.