The Recent Past, the Present, and the Future of the Mexican Oil Industry PDF Download
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Author: Miguel S. Wionczek
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 38
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Book Description
Author: Miguel S. Wionczek
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 38
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Book Description
Author: Manuel R. Millor
Publisher: Routledge
ISBN: 0429716877
Category : Political Science
Languages : en
Pages : 218
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Book Description
Analyzing the effects of Mexico's newly flourishing petroleum industry, Dr. Millor first traces the evolution of Mexico's oil development and provides a detailed assessment of its socioeconomic, political, and ecological consequences and of the Mexican government's current energy policies. In his subsequent examination of U.S.-Mexican relations, he emphasizes that, aside from the issues directly related to Mexico's petroleum, a complex assortment of concerns remain unresolved between the two nations—illegal immigration, drug traffic, terms of technical and scientific cooperation, restrictions on Mexican exports in the U.S. market, and the more assertive foreign policy stance recently taken by Mexico. Dr. Millor argues that, far from representing a clear case of positive growth for Mexico, petroleum could bring about distorted development and increased dependency, as well as a difficult period of relations with the U.S. If a stable association between the two governments is to emerge, he concludes, U.S. policymakers must understand the changes taking place in Mexico and accept its emergence as a middle power with autonomous goals. Representing both the Mexican and the U.S. point of view, this study contributes much to a better understanding of the significance of oil for Mexican development and to a balanced assessment of present and future U.S.-Mexican relations.
Author:
Publisher: DIANE Publishing
ISBN: 9781568065595
Category :
Languages : en
Pages : 30
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Book Description
Reviews issues affecting potential future U.S. trade with and investment in Mexico1s petroleum industry. Provides information on Mexican oil production and exports, the views of U.S. oil companies on trade with and investment in Mexico and Mexican officials1 response to those views, and U.S. government efforts to assist Mexico1s petroleum sector. Graphs and map.
Author: Pamela S Falk
Publisher: Westview Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
Author: Congressional Research Service
Publisher: CreateSpace
ISBN: 9781507868409
Category : Political Science
Languages : en
Pages : 26
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Book Description
The future of oil and natural gas production in Mexico is of importance for both Mexico's economic growth, as well as for U.S. energy security, a key congressional interest. Mexico is a top trade partner and crude oil supplier to the United States. Mexico's state oil company, Petroleos Mexicanos (Pemex) remains an important source of government revenue even as it is struggling to counter declining oil production and reserves. Due to an inability to meet rising demand, Mexico has also significantly increased natural gas imports from the United States. Still, gas shortages have hindered the country's economic performance, including in manufacturing sectors that are highly integrated with U.S. industries. On December 20, 2013, Mexican President Enrique Peña Nieto signed historic constitutional reforms related to Mexico's energy sector aimed at reversing oil and gas production declines. On August 11, 2014, secondary laws to implement those reforms officially opened Mexico's oil, natural gas, and power sectors to private investment. As a result, Pemex can now partner with international companies that have the experience and capital required for exploring Mexico's vast deep water and shale resources. Leftist parties and others remain opposed to the reforms, maintaining that the reforms cede control over Mexico's natural resources without ensuring that those resources are developed in a sustainable way that benefits the Mexican people. The energy reforms transform Pemex into a “productive state enterprise” with more autonomy and a lower tax burden than before, but make it subject to competition with private investors. They create different types of contracts for private companies interested in investing in Mexico, including production-sharing and licensing; allow companies to post reserves for accounting purposes; establish a sovereign wealth fund; and create new regulators. In August 2014, Mexico's Secretariat of Energy announced the results of “round zero,” which defines the exploratory and production areas that Pemex can retain. Pemex is likely to partner with private companies to exploit many of those areas. The first round of public bidding began in December 2014 for shallow-water fields; it is expected to conclude by mid-2015. Pemex officials have said that “round one” has attracted significant interest, despite the recent dramatic decline in oil prices. The U.S. Congress has legislative and oversight interests in examining the implications of Mexico's oil and natural gas reforms on U.S. hydrocarbons imports and exports, bilateral trade and investment, and economic conditions in Mexico. In December 2013, Congress approved the U.S.-Mexico Transboundary Hydrocarbons Agreement (P.L. 113-67), which aims to facilitate joint development of oil and natural gas in part of the Gulf of Mexico. The 114th Congress is likely to consider legislative proposals to speed up energy infrastructure development, including cross-border natural gas pipelines, as was approved by the House on January 21, 2015 (H.R. 161). Congress may also consider proposals to revise U.S. crude oil export policy. The opening of Mexico's oil and natural gas sector could expand U.S.-Mexico energy trade and provide opportunities for U.S. companies involved in the hydrocarbons sector, as well as infrastructure and other oil field services. If these reforms accelerate growth and investment in Mexico (as the government has stated) they could also benefit North American competitiveness. Industry analysts maintain that the reforms are generally well-designed, but that the way they are implemented will likely determine whether they prove to be as transformative as the Mexican government expects. The success of the reforms may also depend on trends in global oil prices. Should oil prices remain at current levels, shale resources and other unconventional fields may not be feasible to develop at this time.
Author: Owen L. Anderson
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In 2003, the Government of Mexico was facing the challenge of declining production of oil from its producing fields, in particular from the Cantarell field. Another problem faced by the government was the growing demand for natural gas, which had outstripped the country's gas production. Exploration and development opportunities for Mexican gas were many, but the necessary capital was not available for Pemex, Mexico's state-owned oil company, to pursue them. Mexico had embedded in its Constitution the right to develop its oil and gas industry for its own benefit without foreign participation, but now, ironically, it was importing natural gas from the United States while domestic supplies remained undeveloped. The government, then under the leadership of Vicente Fox of the National Action Party (PAN), sought to break through the limitations imposed by the constitutional provisions that prevented private participation in Mexico's oil and gas industry. The government asked Pemex to find a way to make this happen. An effort was made by Pemex to reach out to international oil companies (IOC) to find a way to permit them to invest in Mexican oil and gas opportunities. IOCs express interest but wondered how the government planned to structure an investment in the face of Mexico's constitutional and legal restrictions. Fox's administration and Pemex not only faced the strictures of the Constitution, but also the opposition of the other major Mexican political parties, the Institutional Revolutionary Party (PRI) and the Party of the Democratic Revolution (PRD). Consequently, any initiative to invite IOCs to invest in Mexico would have to occur without constitutional or legislative change. Indeed, the government's early experiences with enactment of new regulations resulted in court challenges initiated by PRI and PRD legislators, the government sought new investment in oil and gas without revisiting the regulations.
Author: Laura Randall
Publisher: Praeger
ISBN: 0275933725
Category : Science
Languages : en
Pages : 0
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Book Description
This work follows upon the author's previous volume, The Political Economy of Venezuelan Oil, and investigates the general workings of the Mexican oil industry in relationship to the economics and politics of Mexico. Specifically the author examines Mexico's state-run oil concern, PEMEX, and the costs and benefits of Mexican oil policy--for the nation as a whole and for special groups. Using in-depth interviews and extensive data from PEMEX and other sources, Randall explores issues such as PEMEX's relationships with workers and the oil union, with suppliers of capital goods and services, with the regions in which oil is produced, and with specific groups of oil consumers. Given the critical and negative publicity PEMEX has received over its lifetime, Randall also seeks to answer questions regarding the extent of corruption, overstaffing, and lax management within PEMEX, which she finds to be less than is often alleged. Students of energy and development economics will find Randall's study an important contribution to the literature of Latin American economic policy. In addition to examining the internal workings of PEMEX, Randall describes and analyzes measures taken to correct earlier abuses and to increase efficiency. She reveals the intricate relationships among Mexican oil production, OPEC, the United States, and other nations, and explores the contradictory aspects of Mexican economic and oil policies that inhibit the ability of the oil industry to reach official goals. Throughout, Randall traces the transformation of PEMEX from a nationalized industry that mainly produced crude oil for export to one that has expanded to include refined products and petrochemicals. As a result of this expansion, Randall demonstrates, PEMEX has had a major impact both on the market for labor and capital goods and on the regions in which it operates. Her conclusions regarding the current and future prospects for PEMEX have important implications for the study of economic and energy development throughout the Third World.
Author: Jonathan C. Brown
Publisher: Univ of California Press
ISBN: 0520321952
Category : History
Languages : en
Pages : 468
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Book Description
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1993.
Author: Alex Wood
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 9
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Book Description
The 2013 Constitutional Reform in Mexico set the nation’s energy industry on a new course by opening the country to private investment, thus ending the 75-year monopoly of Pemex, the state-owned oil company. With hydrocarbon production in decline and demand for energy projected to rise, Mexico acted out of necessity to legalize outside participation in the oil and gas industry and to boost investment and growth in the energy industry as a whole. Today, private companies recognize the opportunity for investment in Mexico, particularly in the petroleum sector where years of under investment upstream to downstream have left the nation in a precarious situation to meet growing petroleum demand.
Author: Ms. Alpa Shah
Publisher: International Monetary Fund
ISBN: 1513599666
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.
