Andres Manuel Lopez Obrador

U.S. voices concern to Mexico about ‘deteriorating climate’ for energy investors

April 2, 2021

Reuters MEXICO CITY- The United States has raised concerns with Mexico about a worsening climate for U.S. energy investors in the Latin American nation, the Office of the United States Trade Representative (USTR) said. Mexican President Andres Manuel Lopez Obrador, bidding to reverse previous reforms that enticed foreign investors, has sought to strengthen the state’s role in the energy sector,

Mexico takes controversial step to limit private fuel imports

December 28, 2020

Reuters MEXICO CITY – Mexico’s government has issued new regulations to limit the ability of private firms to import fuel, according to a weekend decree, fanning concerns that the move may unduly benefit national oil company Petroleos Mexicanos (Pemex). The rules, issued by the energy ministry and scheduled to go into force on Monday, are part of a drive by

Mexico Expects to Save $4.5 Billion After Pushing Firms to Rework Pipeline Contracts

August 27, 2019

From Reuters Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion. The deal announced by President Andres Manuel Lopez Obrador and the head of state-run power utility the Federal Electricity Commission (CFE) at a news conference will

Mexican President Pushes Hopes for Pipeline Deal into Next Week

August 22, 2019

From Reuters Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution. “It’s going well, that business,” Lopez Obrador told reporters at his regular morning news conference after the latest round of talks with companies

EIA Mexicos Oil and Gas Fields U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil - Oil & Gas 360

Mexico’s Next President Will Honor Existing Oil Contracts: Official

October 3, 2018

From Reuters MEXICO CITY – Mexico’s president-elect, Andres Manuel Lopez Obrador, assured private energy executives in a closed-door meeting last Thursday their contracts will not be canceled if they meet existing terms, the head of the country’s main oil producers’ association said. Lopez Obrador, who has often expressed skepticism of private sector involvement in Mexico’s oil industry, met for the