Amazines Free Article Archive - Tuesday, May 24, 2022
Read about the most recent changes and happenings at
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Subscriptions Manage Ezines
 Article Archive
 Advertising (133514)
 Advice (161571)
 Affiliate Programs (34788)
 Art and Culture (73834)
 Automotive (145676)
 Blogs (75393)
 Boating (9851)
 Books (17221)
 Buddhism (4129)
 Business (1329933)
 Business News (426412)
 Business Opportunities (366443)
 Camping (10969)
 Career (72776)
 Christianity (15844)
 Collecting (11639)
 Communication (115069)
 Computers (241908)
 Construction (38921)
 Consumer (49947)
 Cooking (17078)
 Copywriting (6730)
 Crafts (18205)
 Cuisine (7547)
 Current Affairs (20307)
 Dating (45901)
 EBooks (19700)
 E-Commerce (48246)
 Education (185373)
 Electronics (83517)
 Email (6439)
 Entertainment (159836)
 Environment (28922)
 Ezine (3040)
 Ezine Publishing (5452)
 Ezine Sites (1550)
 Family & Parenting (110928)
 Fashion & Cosmetics (196538)
 Female Entrepreneurs (11851)
 Feng Shui (132)
 Finance & Investment (310498)
 Fitness (106442)
 Food & Beverages (63005)
 Free Web Resources (7939)
 Gambling (30224)
 Gardening (25192)
 Government (10512)
 Health (629866)
 Hinduism (2206)
 Hobbies (44078)
 Home Business (91593)
 Home Improvement (251114)
 Home Repair (46208)
 Humor (4717)
 Import - Export (5456)
 Insurance (45103)
 Interior Design (29588)
 International Property (3488)
 Internet (191001)
 Internet Marketing (146661)
 Investment (22855)
 Islam (1161)
 Judaism (1352)
 Law (80455)
 Link Popularity (4596)
 Manufacturing (20901)
 Marketing (99268)
 MLM (14140)
 Motivation (18232)
 Music (26996)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129726)
 Organizing (7809)
 Party Ideas (11853)
 Pets (38070)
 Poetry (2229)
 Press Release (12687)
 Public Speaking (5639)
 Publishing (7561)
 Quotes (2407)
 Real Estate (126592)
 Recreation & Leisure (95456)
 Relationships (87647)
 Research (16180)
 Sales (80345)
 Science & Technology (110280)
 Search Engines (23496)
 Self Improvement (153285)
 Seniors (6216)
 Sexuality (35996)
 Small Business (49286)
 Software (83017)
 Spiritual (23466)
 Sports (116146)
 Tax (7659)
 Telecommuting (34072)
 Travel & Tourism (308166)
 UK Property Investment (3122)
 Video Games (13382)
 Web Traffic (11760)
 Website Design (56862)
 Website Promotion (36613)
 World News (1000+)
 Writing (35833)
Author Spotlight

Certified Medical coder with 42 certifications,15 years experience in Medical records coding, HIPAA,...more

I'm a Chief Operated Officer from KIMKOO Mattress machinery.The pen is mightier than the I ...more

img border="0" height="22" src="

Myself Ram Sewak possessing indepth domain experience of more than 10 years in SEO, SEM, Web Develop...more

Writing is my passion, Social media marketing is my love. I have written many articles on various ni...more

Mexico to End Oil Monopoly by Mark miller

Article Author Biography
Mexico to End Oil Monopoly by
Article Posted: 08/23/2013
Article Views: 48
Articles Written: 51
Word Count: 673
Article Votes: 0
AddThis Social Bookmark Button

Mexico to End Oil Monopoly

Finance & Investment
Mexico has broken a 75 year state monopoly on energy which could boost flagging growth and double foreign investment, potentially providing the biggest succour to its economy since the North American Free Trade Agreement (NAFTA) two decades ago. Oil companies have welcomed the energy reforms by President Enrique Pena Nieto, but said the government will have to offer competitive terms if it is to attract foreign investment needed to the country’s vast untapped oil riches. Mexico’s oil industry is dominated by the state oil firm Pemex, but it needs investment and expertise to develop new oil and gas fields. The state oil company, does not have adequate technical expertise and investment capability to exploit these riches, this could change under the new reforms envisaged by the government which will allow Pemex to team up with foreign oil companies and exploit their technological knowhow, project management skills and investment capabilities. However, uncertainty looms over the proposed profit sharing contracts which are not accepted by major oil companies, they prefer contracts that give them ownership of some of the oil in the ground. Daniel Kerner, head of the Latin America practice at Eurasia Group said “Profit sharing contracts have been used in the past by Iran, Ecuador and Bolivia and I can’t think of three countries you’d least want to be associated with”. But Ayman Ansari, CEO of oil service major Petrofac, which is active in Mexico, said that should not prove a deterrent. “Even though the terms are not ideal, Mexico’s reserve potential, particularly for deep water shale gas, is so great that it will definitely be attractive to the majors” he said. Moreover, there is also a possibility that the agreements Mexico is contemplating will at least allow the majors too book reserves, thereby reflecting the potential value of the oil or gas fields in their accounts. Although, profit sharing contracts do not allow oil companies to book reserves, Pemex and the Mexican government had been in talks with the U.S. Securities and Exchange Commission over the past few months to ensure foreign investors can book their share of profits from the Mexican contracts as reserves. The North American country is a major exporter of crude oil to the U.S., but its output has fallen by a quarter since hitting its peak in of 3.4 million barrels per day in 2004. Private involvement would give the sector a much needed technical expertise to tackle deep water projects. Mexico’s constitution forbids private sector contracts and puts all exploration and production into the exclusive hands of the state and given the oil crisis in Mexico, President Nieto wants to consider constitutional changes to allow more private sector participation in the energy sector. There is a huge interest in Mexico’s energy assets, its 3 million barrels a day of oil production ranks ninth in the world according to U.S. Energy Information Administration. The North American country also has relative political stability compared to other petroleum producing nations, unfortunately the inefficiency of state run enterprises has cost Pemex dearly as oil production is experiencing a steady decline since 2004. The profits generated from the state run oil producer are siphoned towards the government exchequer and there is no investment on improving its technology and manpower to realize the potential of its untapped resources. With expertise and potential from foreign partners, production would expand again. But analysts opine that the President has to move carefully without confounding the opinions of the Mexican public, which remains cautious about opening up the country to foreign investment. Ford Tanner, a Latin American analyst at PFC Energy said “He can’t be seen to be giving away the country’s crown jewels”. To win support from the Mexican public for more aggressive reforms, Mexican consumers will have to be convinced that greater energy production leads to lower utility bills. The energy overhaul is the cornerstone of a far reaching reform package that Pena Nieto hopes will ramp up growth, boost credit, add jobs and modernize Mexico’s ailing petroleum, gas and electricity industries.

Related Articles - International Finance Magazine, Banking, Capital Markets, Wealth Management, Islamic Finance, Trading and Technology,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.


Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
Please enter the code in the image:

 Author Login 
Register for Author Account


Advertiser Login


   Limited Time $60 Offer!
   90  Days-1.5 Million Views  


Great Paranormal Romance


Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more

Stevert Mckenzie, Travel Enthusiast. ...more

A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more

Hello, my name is Nevio Gardasanic. If you want to go beyond being just a perpetual beginner at thin...more

Sanjib Kumar Das is an Indian business enthusiast and entrepreneur who is motivated to help small an...more

Akshay Chopra is an experienced certified personal trainer and the founder of WERSTUID. An organizat...more

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2022, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from under the GNU FDL license