Jorge Dominguez's profile
Mexico Faces Challenges as Pemex Monopolizes OP
Focused on Latin American trade and economics, Dr. Jorge I. Dominguez once worked at Harvard University as vice provost for international affairs. Among the countries Dr. Jorge I. Dominguez has particularly in-depth knowledge of is Mexico, and he served as Antonio Madero Professor for the Study of Mexico.

A recent article by the nonpartisan Baker Institute at Rice University brought focus to structural issues with Pemex, Mexico’s state oil company. The country’s public policy is stubbornly “hydrocarbon-heavy” at a time when oil reserves and production are declining. With the company having lost $36 billion in 2019, the outlook for 2020 amid low oil prices and demand is even worse. This will hit public sectors hard, as public finances are dependent on oil revenues, despite an overall diversified economic base.

One major issue is that energy policies under President Lopez Obrador make private energy investment challenging. President Lopez Obrador’s recent visit to Washington, D.C. may have represented a change, as he met with top energy business executives at a White House dinner. The question is whether Pemex is too entrenched to allow for market-based competition to arise.
Mexico Faces Challenges as Pemex Monopolizes OP
0
11
0
Published:

Mexico Faces Challenges as Pemex Monopolizes OP

0
11
0
Published:

Creative Fields