Mexico saw a significant reduction in foreign investment in June after COFECE announced a government bond market manipulation, reports IIF.
The contrast between existing regulation and the essence of the government’s energy objectives was at the heart of this panel’s discussions.
This week COFECE warned the energy reforms could lead to monopolistic practices, decrease investments and breach in trade agreements.
COFECE has announced it will investigate possible monopolistic practices in CFE. Industry experts also raised concerns regarding the energy industry.
The Chamber of Deputies approved a reform to the hydrocarbons law. Watchdogs approve its efforts against fuel theft but other areas seem problematic.