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In this reform in my way, critical issue there is too much intervention of the treasury in many of the decisions that should be have left to pemex by itself without intervention of the treasury. The other thing is the reform also reaches the electricity sector. It allows the participation in generation for third parties. The private sector is already the mexican electricity sector. You have a lot of other activities done for cfe but now you will, basically the change allows private parties to get in contact as providers, suppliers of electricity with, with the consumers, big consumers. What they call the qualified consumers, which is basically a matter of size. They would also allow for other companies to, for the cfe, which is a national utility, to outsource several of things that were limited. They had to do it by themselves. Now they will be able to, the private sector will be able to finance, install, maintain, manage, operate and expand transmission and distribution structure by ....
Production of a half Million Barrels a day by the tomb of president penas end of term and then maybe a Million Dollars a day by 2025. So thats a conservative number in terms of the Resource Base and in terms of what might be possible. Just looking across the divide where technically recoverable resources on the mexican side exceed those on the u. S. Side and the eagleford would not take much if this were the United States to get on shore conventional nonconventional production up to a half Million Barrels a day let alone whatever might be happening on the conventional side. Canadian production is likely to continue. These quasiofficial numbers based on the cap. So current production in canada is roughly three ....
Progress of biomedical innovation and research. The mexican ambassador to the u. S. Jut lined the decision to allow private Sector Companies into the emergency market during a discussion today. He was among several speakers talking about mexicos efforts to increase gas and Oil Production, which in the last 75 years has only been controllinged by a staterun company. This is an hour and a half. Okay, everybody. Welcome to csis. Happy everybody could get here on such a hot day. This is washington. Its this time of the year, but hopefully the airconditioning will hold out. Delighted to have everyone here. And delighted to have an opportunity to explore this topic. Talking with the ambassador just a few minutes ago, he said you used to have a mexico program. We did. And that was back when she was with us. She did a terrific job of creating a mexico program. We have not really ca ....
And expand the transmission in the infrastructure by means of the utility. A minor change, it is a major change. You see increasing efficiency of the operations and the possibility of relying on private parties. It basically gives you a notion of the speed, the pace at which the reform will move forward. Reformly, constitutional was enacted in december of last year. Started their first step was to request which areas, fields, or places with chuck were already working and had intention to do so. Pemex did so. Last march. Then the government sent 21 initiatives to congress to change. 21 different laws to change some new laws. In september the areas will be defined. What areas will they keep . That will be defined by the government, by the state, by the mexican state. 17, it isbe september already a mandate to the constitution. And then you will have other things moving, like the creation of the Mexican Energy forum. The very importa ....