"Newly elected Mexican president Andres Manuel Lopez Obrador has promised to look hard at how the country has fared in opening its energy sector to international players, but outside observers believe foreign investment will remain.
Lopez Obrador, the winning candidate from the left-leaning Morena party—receiving a clear mandate for change with more than 50 percent of the vote—now must decide how to implement a platform that emphasizes Mexico’s sovereignty and nationalism, especially in the energy sector.
Oil exploration and production in particular have been a focal point. Lopez Obrador has vowed broad changes, including a review of all recently awarded oil contracts and participation in international energy organizations, such as OPEC.
These campaign promises focused on ensuring a continued primary role for Mexico’s national oil company, Petroleos Mexicanos, or Pemex, while pulling back from future international oil contracts."
Emily Pickrell reports for Bloomberg Environment July 2, 2018.
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