Mexico to open state-run oil industry to private sector ending 75-year constitutional ban

Wednesday, August 14th 2013 - 03:06 UTC

Full article 4 comments

Mexican President Enrique Peña Nieto is making the most daring gamble of his 8-month-old presidency with a proposal to lift a 75 year-old ban on private companies investing in the state-run oil industry, a cornerstone of Mexico’s national pride that’s seen production plummet in recent decades. Read full article

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ChrisR
I wonder where THINK, aka The Bitter And Twisted Old Twat Of Chew Butt is now, he has always lauded this outfit as the way YPF should be run.

But there again he knows FA about the oil business. I will restate that: he knows FA about any business.

Good move by Mexico as long as the private companies are in competition and not in concert.
Aug 14th, 2013 - 08:21 am - Link - Report abuse 0
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Math
Pemex is more inept than Petrobras.
Aug 14th, 2013 - 10:01 am - Link - Report abuse 0
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ChrisR
@3 Math

You are mistaken about Petrobras, the problems it has come from the government not allowing commercial forces to take effect.

The CEO of the company is a real asset to the country, far more so than Dilma and Dilma knows this herself.

It is the old meddling by government in response to the hiatus in the economy that THEY created that hampers Petrobras.

I tell you something: I wish we had that woman running ANCAP instead of the intellectual midget who is the president of the company at the moment. Lamentable intellect and it shows in his indecision.
Aug 14th, 2013 - 01:26 pm - Link - Report abuse 0
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Elena
“Peña Nieto’s administration offered virtually no details about how it envisioned private participation in the national oil company” This, best description on how things are usually before a reform, reason why there´s confusion on the issue. It most probably will come to a reform done beetween PRI/PAN/willing members of PRD.
Aug 14th, 2013 - 10:13 pm - Link - Report abuse 0
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