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Mexico & Nafta - May 2019

López Obrador remains obstinate in the face of mounting woes at Pemex

After continued declines in production, poor finances, pipeline taps by oil thieves going unchecked and the explosion of a pipeline in January, things have only gone from bad to worse for Mexico’s President Andrés Manuel López Obrador. He has been prophetic in his promises to overhaul the state-owned oil company Petróleos Mexicanos (Pemex) but thus far failed to deliver meaningful change. Meanwhile, Senator Carlos Romero Deschamps, the incumbent secretary general of Pemex’s official workers union, has had formal fraud allegations filed against him, at the attorney general’s office in Mexico City.

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