To read this content please select one of the options below:

Mexico oil sector plans look highly optimistic

Content type:: Expert Briefings
Location:: MEXICO
Keywords associated with this article:: Geographic: Mexico LA/C

Topical: economy industry politics foreign trade government investment oil private sector public sector reform
ISSN:: 2633-304X
Citation:: Oxford Analytica (2022), "Mexico oil sector plans look highly optimistic", Expert Briefings.
https://doi.org/10.1108/OXAN-DB266559

Monday, January 10, 2022

Significance

The aim is for all production to be processed at Pemex refineries, and for petrol imports to be eliminated from 2023, making Mexico’s oil sector completely self-sufficient.

Impacts

The zero-exports strategy may prompt further downgrading of Pemex’s debt by rating agencies.
Reduced oil exports would push Mexico’s trade and current accounts into deeper deficits, affecting the peso-dollar exchange rate.
Crude export reduction by Mexico would have little to no effect on international prices.

To read this content please select one of the options below:

Significance

Impacts

Related articles

All feedback is valuable

Report an issue or find answers to frequently asked questions