Insurgents started happening after the iraq war and you have a lot of sunni individuals who came to kuwait at the time that were displaced in the conflict that happened. And i think that they have a lot of influence actually and as he said, kuwait has open politics and there has been some situations. And they actually broke down in the middle of these issues and what escalation was part of sm and also in lebanon as well. And this includes the parliamentarians in their support for them as well which i think tells you something about how the sectarian policies of the region are becoming much more prominent and syria takes that too much higher level. And everyone actually has their own players and a lot of the fears that were built up from these other things than that includes what it means and they have their own actors and it will now be a part of another foreign setting. Its just as we talked about. And i think the problem in kuwait is that the politics are much more open. At the same
Budget. Thats the number in 2013. So what we are going to do in the future is that base of the budget coming from oil will remain constant. And the way that it will stabilize our finances. The mexican finances will not be suffering from lack of money. So we have a constant of 4. 7 . After we reach the 4. 7 the rest of the money goes into longterm savings. That, up to 3 of gdp. Once we reach 3 of gdp we put that in the bank. Then if we assume theres another dollar that comes additional to the first, it is defined in the following way. At least 40 of that new dollar goes again to the savings account. That means we increased the savings account until it is is reached from 3 up to 10 of the gdp. Every year we get at least 40 cents of each additional dollar back to states. This is very important because we are thinking of the future. Once we achieve that, the next step is up to 10 of the additional dollar will go to the universal pension fund. Agile, mexico is the creation of a universal pe
Minister decides, relatively autonomous. How big is the dividend going to be . Be government is still going to be relying on amex in the early years. In a put the money in the upstream rather than the downstream . This remains to be seen. The sixth is trusting the market. If it turns out the best economic proposition is to import gasoline, will that be ok . The seventh is local content. There is talk about the need for local content rules. What will they be . Will be like brazil . It is not intended to follow the brazilian model. I think there are for terminus opportunities for mexico were. First, it is to be best in class. This is a government and do structural reform and move quickly. Among the other countries, it implemented well. This will move mexico to the class not just in energy, but a country to invest in. The second is prosperity. Obviously if this work, you positive traits for manufacturing, job creation, and in terms of Energy Investment if this model works away it is desig
Test. Test. Cable satellite corp. 2008 this is very important because were thinking about the future of the country. Once we achieve that, the next element is that up to 10 of the initial dollar will go to the pension system. Mexico is debiting in congress separation of a universal pension system. This will fund that pension system. The next 10 going to science and technology and Renewable Energy projects. The next goes to oil and gas investmen investments in norway where you have ministry of energy where you can put a financial take in some projects that seem to be promising. 10 goes to scholarships and regional development. So the idea of this is that the money that comes through the mexican oil reform goes mostly to longterm projects. So we establish a base for the budget that will allow us not to have any hiccups. We are betting on the future of the country. Next please. Transparency is one of the most important elements of this reform. I havent found a mexican that has been satisf