Energy Reform is Possible - U.S. Study - Mexico Institute in the News

Jan 24, 2013

El Universal

The Mexican government has a "real possibility" of obtaining approval for an energy reform that would open the petroleum and gas industries to private and foreign participation, a new study points out.

"Looking ahead over the next six years of interaction between both governments, there is great potential for a tremendously fruitful relationship on energy issues,"

said Duncan Wood, Director of the Woodrow Wilson Center's Mexico Institute.

In the section dedicated to energy policy, Wood added that "much depends on two key factors: political will and the changes taking place in Mexico's energy sector."

"The stagnation of the national oil company, the ban on foreign or private investment in the sector, and the end of easy oil (...) make it clear that change is needed regarding hydrocarbon policy," he said.

"It is believed that the government will present an initiative to open the sector to higher levels of private participation."

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