In line with reforms pertaining to energy, education and telecommunications, Mexico is also amending its tax system (see Tax chapter). In late 2013, President Enrique Peña Nieto signed the new reform into law, which was thereafter approved by Congress. The reform aims to reduce dependence on energy revenues and to boost tax collection through...
In the 20 years since the North American Free Trade Agreement (NAFTA) was implemented, successive Mexican governments have remained committed to opening borders and promoting trade. After Mexico, the US and Canada launched NAFTA in January 1994, Mexico entered into FTAs with more than two dozen countries, making it one of the most economically...
Like the oil industry, electricity in Mexico has been dominated by a state-owned company for a number of years. The Federal Electricity Commission (Comisión Federal de Electricidad, CFE) is the sole provider of transmission and distribution services and also controls all output, producing 70% of electricity on its own and sub-contracting the...
There is no difference in geology between the Mexican and US sides of the Texas border, but there is a difference in activity. South Texas is the centre of the US shale revolution. Thousands of shale wells have been dug and their production has enriched the region. The Eagle Ford Formation (EFF), where most of Texas’s wells are located,...
What exploration measures have been taken to help halt the further decline of oil production?
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