Economy & Business - April 2023

MEXICO: Focus on energy sovereignty unlikely to solve Pemex’s problems

On 18 March, Mexico’s President Andrés Manuel López Obrador held a massive rally in Mexico City (CDMX) to commemorate the 85th anniversary of oil nationalisation carried out by President Lázaro Cardenas in 1938. López Obrador stated that as a result of exploration and investment in refining activities, the country would be self-sufficient in oil products next year, meaning that imports of petrol and diesel would no longer be necessary.

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