HOUSTON, September 26, 2013 -- In a recent interview with Bloomberg News, Firm Partner, Carlos A. Sole III discussed the ‘new rules’ on the movement for Mexico’s energy reform.
When asked what energy reforms Mexico is considering, Carlos stated, “Mexico is trying to modernize its oil and gas regime, to bring it more in line with the international community and to set up some rules of the game that would be attractive to foreign investment.” He added, “To stimulate their economic growth, they need to make these changes.”
Carlos also discussed how the ‘new rules’ will bring in more oil companies looking for potential, noting “Mexico has a huge amount of natural resources that can be developed in the Gulf of Mexico as well as natural gas shale plays, so it’s a market that heretofore has not been fully developed.”
When asked what are the next steps in these reforms, Carlos said, “The game plan from the president of Mexico is to get the constitutional amendments enacted by year-end. If the process gets slowed, then the optimism that exists about these changes occurring will diminish and the probability of success may as well.”
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