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MEI Market Note No. 165 — Benchmarking Expectations for Mexican Energy Reform (Part I)

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In a business meeting in Mexico City on April 22, an unexpected revision of Mexico's energy policy since 1958 was put forward for discussion: Mexico since 1958 has been following an import-substitution strategy.

It was observed that in order to build an oil industry three elements are needed: 1) Talent, 2) Technology and 3) Financing. Talent was cultivated at home by strengthening the STEM curriculum of the Polyénico (IPN) and National University (UNAM). In addition, public financing was offered to promising oil professionals to study abroad.

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