The 2013 Constitutional Reform in Mexico set the nation’s energy industry on a new course by opening the country to private investment, thus ending the 75-year monopoly of Pemex, the state-owned oil company. With hydrocarbon production in decline and demand for energy projected to rise, Mexico acted out of necessity to legalize outside participation in the oil and gas industry and to boost investment and growth in the energy industry as a whole. Today, private companies recognize the opportunity for investment in Mexico, particularly in the petroleum sector where years of under investment upstream to downstream have left the nation in a precarious situation to meet growing petroleum demand.

With recent energy reforms, investment is beginning to flow into the country and there is hope for a renewal in petroleum production to meet the growing consumption in the expanding Mexican economy.