Members of the Mexican Republic Oil Workers Union (STPRM) sent a letter to the president of the union, Carlos Romero Deschamps, where they demanded for him to be transparent about the actual destiny of the money that he will supposedly donate to the victims of the earthquake in Mexico. These and other stories in our periodic summary of labor-related issues.
The Mexican government started the process of fuel market liberalization in January this year and it generated huge price increases; Mexicans called it the “Gasolinazo”. Authorities made decisions in the face of a threat of further price increases.
America’s Exxon Mobil and Brazil’s Petrobras(BVMF: PETR4) will participate in the upcoming Mexican rounds, together with other top global firms.
One of the goals of Energy Reform is to create a new and free energy market in Mexico. It seems like Pemex does not understand, and its doing things to keep its monopoly, at least in the fuel market.