What changes are needed for a meaningful upstream reform?

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 Polytécnico (IPN) and National University (UNAM). In addition, public financing was offered to promising oil professionals to study abroad.

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

George Baker

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.

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