By KELIN DILLON Halfway through the six-year administration of Mexican President Andrés Manuel López Obrador (AMLO), Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) has lost 38.4 percent of its stake in the world’s energy market, dropping out of the top 10 most important international oil companies. Just in 2017, Pemex ranked highly in value according to British firm Brand Finance’s
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By RICARDO CASTILLO Mexico’s state-owned energy companies Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) continue to be leading problems for the administration of President Andrés Manuel López Obrador (AMLO). Both are separate entities that must be dealt with separately. So we’ll start with a look at Pemex, and then consider th CFE a few paragraphs down. Pemex and
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By RICARDO CASTILLO Lest we forget: One of the unkept promises that helped to topple the popularity of former Mexican President Enrique Peña Nieto was his much-repeated outright lie that with his Energy Reform and Pemex joining free-market competition, “fuel prices will come down.” On Jan. 1, 2017, Peña Nieto made the grave error of liberating gasoline and diesel prices.
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