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After excluding foreign companies for 75 years, Mexico began implementing sweeping reforms in 2013-2014 to open its energy industry and “kick-start its production of oil and gas by attracting significant outside investment.”
Attorneys Dennis R. Luna, Editor-in-Chief of the California Oil & Gas Report, and Olman Valverde, both of the Los Angeles law firm Luna & Glushon, explain the sweeping reforms implemented by Mexico in an article in the current issue of “Latino Journal.”
The article reviews the public-private partnerships that will have a major role in exploration, extraction and production, as well as refining, natural gas processing, distribution and other functions in oil, natural gas and other hydrocarbon products.
most of the major oil companies chose to stay on the sidelines.
in final form July 1 by DOGGR as required by Senate Bill 4.