View from the Top
Miriam Grunstein
Researcher
CIDE
Their impact will largely depend on the government’s capability to incorporate the changes to the energy framework into the economy.
Analysis
Since the 1990s, CIDE has been helping CRE to create a pricing system for the natural gas market in Mexico.
Ensuring that the fiscal and legal conditions are well detailed and laid out will go a long way to creating a truly competitive scenario for the…
Analysis
Grunstein sees another challenge looming: the Mexican government’s lack of experience in working with either model.
Insight
Miriam Grunstein
Researcher
CIDE
Oil and gas do not respect the chasms that exist between the US and Mexico’s industrial practices and legal frameworks.
Analysis
Since the 1990s, CIDE has been helping CRE to create a pricing system for the natural gas market in Mexico
View from the Top
Miriam Grunstein
Professor
CIDE
It would be a cruel trick of nature if the political boundaries were at the same place as where reserves stopped.
Repsol and Pemex agreed on an industrial strategic alliance in January 2012 that stated that Pemex resolved to own not more than 10% of the shares…
Roundtable
Juan Carlos del Río
Director General
IECESA
"To be honest, I don’t know what the strategy was behind Pemex’s acquisition of Repsol shares. I don’t understand it. If I would have had to choose, I would have invested in a project in Brazil, in order to learn more about deepwater, because I don’t believe that Spain can teach Mexico anything about the oil and gas industry. "
When the shareholder agreement between Pemex and Sacyr was announced in late August 2011, the Spanish media described it as an assault on Repsol
If Mexico becomes a net oil importer we are going to have an economic crisis of tremendous proportions, because we are going to be fiscally bankrupt…
Insight
Miriam Grunstein
Division of Legal Studies
CIDE
Pemex’s taxes account for more than a third of Mexican federal government revenues.
View from the Top
Miriam Grunstein
Professor
CIDE
Sharp separation between the regulated entity, Pemex, and the regulator, CNH. Right now we have a mess