Mexico’s Energy Reform: A Game Changer in the Nation’s History (An Upstream Perspective)

Framed by the far-reaching political agreement promoted by President Enrique Peña Nieto at an early stage of his administration, the “Pact for Mexico” (Pacto por México), the scope of the reform was already established. First and foremost, the hydrocarbons remain the country’s property; will be extended the National Hydrocarbons Commission’s (CNH) faculties; will be opened up to competition refining, petrochemistry and transportation; will lower electricity production costs through gas; will set up energy supplying in the country with reasonable prices and quality; and, last but not least, PEMEX will be converted into a public “Productive Company.”