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Experts Urge Mexico to Revamp Economic Strategy for Nearshoring Advantages

Experts Urge Mexico to Revamp Economic Strategy for Nearshoring Advantages
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United statesFrancisco cervantesArturo oropezaAlejandro malagConfederation of industrial chambersBusiness coordinating councilIndustrial chambers

Why America Needs to Embrace Mexico As Its New Manufacturing Hub

As countries from around the world invest billions into achieving chip sovereignty, we are uniquely positioned to create a world-class value chain on our own continent.

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US organization urges Mexico to reconsider decision on Zama oil field

News Pemex doesn t have the funds, capacity or infrastructure required to operate the field, says Larry Rubin. US organization urges Mexico to reconsider decision on Zama oil field Decision sends a message to investors that there is a lack of legal certainty in Mexico, warns Larry Rubin Published on Tuesday, July 6, 2021 0share A business and community organization that represents United States interests in Mexico has urged President López Obrador to reverse a federal government decision to award control of a huge oil discovery to state oil company Pemex. The Energy Ministry awarded Pemex the rights to operate the nearly 700-million-barrel Zama field in the Gulf of México, which was discovered in 2017 by a consortium comprising Texas-based Talos Energy, Premier Oil of the United Kingdom and Germany’s Wintershall DEA.

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House of Representatives Approves the Amendment of Mexico s Electricity Industry Law | Mayer Brown - Energy Forward

Recently, the Second Chamber of the Mexican Supreme Court overruled the Policy for the Reliability, Safety, Continuity and Quality of the National Electric System (the Policy ), because such Policy included unconstitutional provisions that would adversely affect competition in the electricity market. The Amendment emulates several provisions of such Policy, which is one of the reasons why it is seen as another blow to the power industry. As mentioned in our previous analysis, one of the most relevant features of the Amendment is the modification of the dispatch order, disregarding economic efficiency mechanics, giving preference to the Federal Electricity Commission ( Comisión Federal de Electricidad CFE ) over other generation plants, which will result in more expensive and dirty energy.

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House Of Representatives Approves The Amendment Of Mexico s Electricity Industry Law - Energy and Natural Resources

To print this article, all you need is to be registered or login on Mondaq.com. On February 23, 2021, the House of Representatives discussed and approved the draft of the Amendment of the Electricity Industry Law proposed by Mexico President López Obrador on February 1 (the “Amendment”), with a total of 304 votes by the representatives of MORENA, the political party of the president which holds a majority of seats in the House of Representatives. The plenary session followed up a heated discussion by the Energy Commission of the House of Representatives on February 19, in which the minority parties submitted a motion to include a

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