Consumer Energy Report is now Energy Trends Insider -- Read More »

Posts tagged “PEMEX”

By Robert Rapier on Jul 25, 2011 with 10 responses

PEMEX and the Long Road to Privatization

The following guest post is from ——————————– Petroleos Mexicanos (PEMEX) is the state-owned oil company (and natural gas) of México, which since the 90′s has been discussed for privatization like many other state-owned companies in México. The policy of privatization is sometimes called liberalizing the company, however many aspects of privatization need to be taken into consideration when discussing such a lucrative portion of the federal budget for México. PEMEX has 41 divisions, and is a source of Mexican sovereignty, and any talk of privatization will not happen without a strong fight, not only from the left, but also Mexican nationalists who see it as a source of pride. This article will attempt to give a brief summary of… Continue»