Mexico issued during the weekend new rules that would limit fuel imports of private firms in a controversial move seen as boosting the dominant position of state oil firm Pemex. Mexico’s leftist populist President Andrés Manuel López Obrador came to power with the promise to increase state support for Pemex and make the state-run major the pillar of a turnaround for the country’s declining oil production.
López Obrador is also trying to make Mexico ‘energy independent’, and the latest legislation to…Mexico Restricts Fuel Imports Of Private Firms
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