By KELIN DILLON Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) announced its acquisition of the Deer Park refinery in Texas on Monday, May 24, for the sum of $596 million dollars for 50 percent of the shares from Shell Oil Company to complete the purchase, as Mexico already held the other half of the shares. Part of Pemex’s acquisition from
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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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By RICARDO CASTILLO At long last, we are beginning to hear some of the details of the United States Mexico-Canada Agreement (USMCA) negotiations. According to Mexican President-elect Andrés Manuel López Obrador (AMLO), the toughest clause was on energy, which was almost a deal-breaker. After heavy disputes, that bickering President Donald Trump finally softened his stance and spoke over the phone to AMLO.
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