Video: Mexico's Oil and Gas Sector: Harnessing the Potential of Reforms

  • Jul 7, 2014
    Duration: 01:43:38
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    Despite its position as the world's 9th largest producer of oil and the third-largest in the Western Hemisphere, Mexico has been plagued by consistent declines in production. At the end of 2013, Mexico approved historic legislation which would end the ban on private sector participation in the Mexican energy sector. These reforms promise to address many of the obstacles that have led to the country’s declining oil production. Before the reforms can take effect, however, the Mexican Legislature must pass secondary laws that focus on the fiscal regime, especially important will be the exploration and production contracts.

     

     

    Introductory Remarks:

    Ambassador Medina Mora, Mexican Ambassador to the United States

    Featuring:

     

    Jesus Reyes Heroles, Former General Director of Petroleos Mexicanos (PEMEX) and Executive President of Grupo de Economistas y Asociados

     

    Pedro Haas, Senior Adviser at McKinsey & Co

     

    Ed Morse, Head of Commodities Research at Citigroup

     

    Moderator:

    Guy Caruso, Senior Adviser at CSIS

     

    They discuss the recently introduced reforms to the Mexican Oil and Gas sector, the likely path forward, the implications for PEMEX and the resultant impacts on world oil markets.