Mexico’s new president throws down gauntlet to oil majors 0 SHARES Share it! During the election campaign, he pledged to review the contracts issued under a landmark energy reform for any signs of corruption. How Lopez Obrador handles the energy industry will be one of the biggest challenges of his six-year term. He has promised to raise oil production from historic lows but has not fully clarified how, beyond promising more investment in the public sector. Capital Economics said the challenge of producing significantly more oil in three years would be very hard to meet, suggesting it could take more than twice that time for private oil production to really take off in Mexico.

Source: Manila Bulletin December 05, 2018 22:41 UTC