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LatinNews Regional Monitor: Mexico - 26 October 2018

MEXICO: López Obrador’s plans for Pemex disconcert

The recent announcement by Mexico’s President-elect Andrés Manuel López Obrador that one of his incoming government’s objectives is for Mexico to stop exporting crude oil has produced concern among economic and financial analysts. They have warned that such a move would negatively impact the state-owned oil firm, Pemex, as well as Mexico’s finances. The warnings have increased market uncertainty, which López Obrador and his government transition team are now at pains to dispel.

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