The country will invest more than US$400M in renewable energies, according to Minister of Energy Pedro Joaquín Coldwell. Investments will focus particularly on solar energy. Guanajuato is the Mexican State is the most benefited.
Pemex will invest US$54.3M to extract unconventional oil in five onshore areas, in Veracruz. The National Hydrocarbons Commission (CNH) authorized it, in an extraordinary session, according to Forbes México.
The first Oil-Company to win contracts to explore and produce hydrocarbons in Mexico, after the opening of the sector, has big goals in the country. Sierra Oil & Gas seeks to have no less than 500mmbbl in reserves, according to a report in Expansión.
The criminal gang Jalisco New Generation Cartel (CJNG) seeks to take control of the drug business in Mexico, creating a new tide of violence and corruption, according to a report in Cable Noticias.
A few years ago this group was under the command of the known drug lord Joaquin “El Chapo” Guzman. But with the head of the Sinaloa Cartel behind bars, the CJNG has seized territories, looking for domination of Mexico´s narco underworld, challenging their former boss.
For some experts the Reform´s achievements in such a short time, with an oil crisis in the middle, is positive. But others analysts think the reform did not produce the promised short-term effects.