Pemex Remains a Tough Challenge for Reformers in Mexico
January 25, 2016
![Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico. (Susana Gonzalez/Bloomberg)](https://www.jsg.utexas.edu/news/files/roughnecks-250x166.jpg)
AUSTIN — Mexico’s reformers found a measure of early success with energy reform in 2015, but ahead of them lies what might be their toughest challenge yet: turning around the country’s bloated national oil company, Petróleos Mexicanos.
Pemex is a stranger to competition, having enjoyed a 76-year monopoly over Mexico’s oil and gas industry that many experts say have eroded the company’s efficiency and saddled it with far flung investments.
The Houston Chronicle, Jan.12, 2016
Featuring: Jorge Piñon, Director, Latin America and Caribbean Program, Jackson School of Geosciences