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Latin American Economy & Business - November 2014 (ISSN 1741-7430)
MEXICO: Oil companies prepare for Round One in Mexico
Mexico’s first round of oil and gas licensing starts in early 2015. The stakes could not be higher. The government says it hopes the 169 exploration and production (E&P) blocks on offer will attract around US$12.5bn worth of investment from international oil companies. With rounds 2, 3 and 4 expected to follow in 2016, 2017 and 2018, and with each bringing in similar amounts, a total of around US$50bn worth in energy-related inward investment is expected during the current administration. It is also hoped that in the process the gradual fall in oil output over the last decade will be reversed, and that the ensuing energy renaissance will add one percentage point to Mexico’s underlying rate of GDP growth. Will it work?
- Mexico’s Peña Nieto preparing “important changes”
- MEXICO: Oil companies prepare for Round One in Mexico
- REGION: Doing business in Latin America gets easier overall
- REGION: Plugging a credit gap?
- REGION: Birth of an oil and gas multilatina?
- BRAZIL: The rise of Kroton
- ARGENTINA: Debt dispute drags on
- HAITI: Still trapped in poverty
- PANAMA: Star pupil has fiscal worries
- PERU: Stimulus package number four
- REGION: Trade and investment stagnation
- All eyes on Opec
- Prosperity Index 2014