Director Duncan Wood Responds to Mexico Refinery Decision

"Hardly a surprise for industry insiders who have known and have told the government that it was an impossibility at that price. Now Pemex faces another challenge when it can least afford to be distracted from its main goal of raising crude oil protection. However, AMLO may now be able to slow things down and perhaps even use this as a semi-graceful exit strategy from the whole refinery debacle."Duncan Wood, Director, Mexico Institute