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Mexican oil reform

World economy 13th December 2013

What the Mexican oil reform really means —for both Mexico and the industry

WASHINGTON | By Pablo Pardo | In 2012, 70 companies drilled 134 deepwater wells in the US side of the Gulf of Mexico. On the Mexican side, only one company drilled 6 wells: Pemex. The disparity is one of the reasons explaining why Mexico’s oil production has fallen from 3.5 million bpd in 2005 to 2.5 now. According to the US Geological Survey, the Mexican part of the Gulf of Mexico is, after the Arctic, the largest unexplored oil region in the world.

Mexico Mega Torta Plan

World economy 1st November 2013

Mexico Raises Taxes on Junk Food to Fight Obesity

MEXICO CITY | By David Brunat | An explosive combination of fast-food sold in every corner of the country and soft drinks cheaper than water has made of Mexico the most obese country of all OECD country members, for the first time surpassing the United States (32.8% of Mexican population is severely overweight, against 31.8% in the US). Amidst a strong opposition from the industry, the Senate just passed a law to raise taxes to fast-food from 5 to 8%.

mexicooil

World economy 8th October 2013

Mexico Faces Oil Revolution -and a Dilemma

MEXICO CITY | By David Brunat | “If Mexico is capable of passing its energy reform in a way that enables them to attract foreign investment, it will mean that Canada, United States and Mexico will altogether become the new Middle East in terms of gas and oil production,” U.S. Congressman Henry Cuellar recently said. For some experts the North American country is dealing with its most important political decision of the last century.

Mexico

World economy 15th August 2013

Mexico must cut oil dependency

BARCELONA | By CaixaBank research team | In order to be effective, pending reforms in Mexico should make public revenue less dependent on oil, such as by eliminating income tax deductions.

bbva

Companies 4th April 2013

BBVA wants to avoid surprises in Latin America

MADRID | BBVA Chairman Francisco González wants to eliminate all risks in Latin America and avoid the unpleasant situations his Spanish peers Repsol, REE, Iberdrola, Abertis or Aena had to put up with in the continent.

China investments1

World economy 25th May 2012

Chinese and Mexican rain of investments come to Spain

By Julia Pastor, in Madrid | China and Mexico made Spain’s day on Friday. Both countries announced several contracts with Spanish companies in very different sectors, injecting some movement in foreign investment flows into the lately much battered euro economy. While China signed agreements for an amount of €500 million, the Mexican oil company Pemex reported it will invest €247 million in Galicia’s naval sector. In his official trip to…