Tag "Petroleos Mexicanos"
Natural resources and energy
North America
Mexico’s oil reforms aim to boost revenue
President Enrique Peña Nieto’s privatization efforts are an attempt to restart revenue generation in the oil sector, which had stalled. Nieto hopes greater tax revenue from the sector may help cover federal budget deficits.
Natural resources and energy
North America
Oil privatisation central to Mexico’s economic overhaul
In an act that was met with mixed views by its public, Mexico’s nationalised oil sector has been opened for private investment for the first time in 75 years. In