The hottest Mexican energy reform brings investmen

Mexican energy reform brings investment opportunities to Chinese enterprises

Mexican energy reform brings investment opportunities to Chinese enterprises

August 14, 2014

[China paint information] Mexico recently passed the secondary act of energy reform, officially opening the energy sector to private and foreign investment. Mexican ambassador to China bentura said at the reception held on the 13th that this move provides a lot of investment opportunities for Chinese enterprises

Mexican President Pena recently signed 21 bills to allow private and foreign-funded enterprises to participate in the fields of oil and gas exploration, production, refining, transportation and storage in Mexico, breaking the 76 year monopoly of Mexico National Oil Company since 1938. At the same time, the bill also opens up investment in electricity and renewable resources

regularly check whether there is oil leakage at the main engine and oil source.

bentura said that the most important purpose of this energy reform is to improve productivity, achieve modernization in the energy field by attracting advanced technology and foreign investment, and meet the needs of Mexico's current and future economic development

it is reported that the total investment in Mexico's infrastructure development plan from 2014 to 2018 will reach US $600billion, of which 138 projects in the power sector need nearly US $50billion, while 124 projects in the oil and gas sector need nearly US $270billion

with the development of new energy vehicles and the passage of time, sunhongbo, an associate researcher at the Latin American Institute of the Academy of Social Sciences, said in an interview, "Mexico's energy reform is a window of opportunity for Chinese enterprises." He said that the leaders of China and Mexico have expressed their willingness to strengthen cooperation in the energy field between the two countries, and investment in Mexico's energy field will help maintain China's energy security. The two countries have great room for cooperation in oil and gas, electricity and renewable resources

bentura pointed out that the bidding work after the energy reform will be open and transparent, and enterprises of all countries will have equal opportunities to participate. He said, "no reform can be simply completed, especially in the important field of energy, which requires the participation and support of all sectors of society. Although there is still a lot of work to be done in the future, the prospect of reform is very bright."

it is understood that the contents of the first round of bidding will be released in the first quarter of 2015. Bentura said that this gives Chinese enterprises enough time to conduct research and planning from a swing angle. He said that at present, a number of Chinese oil companies have carried out oil exploration and service work in Mexico, and he expected more Chinese companies to participate in the Mexican energy sector after the reform. Mexico is the tenth largest crude oil producer in the world. China is Mexico's second largest trading partner, and Mexico is China's second largest trading partner in Latin America. According to the statistics of the General Administration of Customs of China, the trade volume between China and Mexico reached US $39.217 billion in 2013