Zama and the Failure of Mexico’s Energy Reform (Market Comment 116)



This report identifies failures of design and execution in Mexico’s Energy Reform of 2013-18, as illustrated in CNH’s Round 1.1 in 2015 and the subsequent mishandling of the Zama discovery in 2017 by regulators, Energy Ministry officials, Pemex executives, and the President of Mexico. What was supposed to have been a success story by an oil company operating independently of Pemex was forcibly reshaped to be an asset majority-owned and operated by Pemex. The report concludes that no reform will deliver on its promises so long as the President has any role in the naming of the executives of Pemex or CFE.

Read Sample Pages


There are no reviews yet.

Only logged in customers who have purchased this product may leave a review.