Reimagining Mexico’s Hydrocarbon Law

Houston, Aug. 20, 2018 (MEI 879)

In a presentation in Mexico City on August 10, 2018, Dr. Fluvio Ruiz, a former member of Pemex’s Board of Directors and an advisor to the incoming MORENA administration, outlined his vision for the hydrocarbon sector. This report reviews the articles of the Hydrocarbon Law that will be reviewed. These are articles 4, 6, 12-17, 20-21, 28, 42, 95, 100 and 117.

In this report, we sort the proposals by industry segment (Table 1). Exhibit A provides the original comments of each proposal; Exhibit B is a preliminary translation. In a future report, we shall consider the implications of such changes for investors, regulators and the economy.

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Written by

Mexico Energy Intelligence

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.