Mexico’s New Government to Encourage Oil Partnerships

The incoming Mexican government will encourage Pemex to partner with private oil companies to develop domestic resources, Reuters has reported, citing unnamed sources. The move would be a departure from the policies of the Andre Manuel Lope Obrador government and a return to the approach used by his predecessor, Pena Nieto, whose government enacted energy market reforms aimed at stimulating the participation of more foreign oil companies in Mexico's oil and gas development. When the Obrador administration took over, it focused on restoring Pemex’s…