Investor Report Mexico: Hard bargain

Investor Report Mexico: Hard bargain

By Ivan Castano That Mexico’s energy sector, Latin America’s second-largest, is in dire need of investment is nothing new. But long-delayed reforms to overhaul an inefficient oil sector and improve conditions to boost renewable energy investment have now become critical. As an increasingly embattled state oil producer fails to boost Mexico’s declining oil output, calls for a ‘Pemex reform’ have reached new heights, especially in an election year which will see PRI candidate Enrique Peña Nieto officially assume the presidency on December 1. His proposed reform plan calls for private companies to own stakes in oilfields, mainly through joint ventures with Pemex – a process that would ess

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