Mexico's E&P Reform - An Opportunity Missed for Petroleum Conservation?
Article from: OGEL 1 (2016), in Mexico's Oil and Gas Sector Reform
Introduction
Mexico´s constitutional energy reform was published in the Mexican Federal Gazette (Diario Oficial de la Federación) on December 20th, 2014 (the "Energy Reform"). It provides new legal frameworks and market structures for the petroleum and electricity sector, including 9 (nine) new laws and amendments to 12 (twelve) existing laws. The Energy Reform is designed to provide a valuable opportunity to revitalize Mexico's energy sector and boost its economy. Immediate drivers for its implementation have been (i) the impressive fall in crude oil production (in decline since 2004 ...