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Mexico struggles to recover from the 2014 oil bust as gang violence, declining production and crime within its state-owned oil company PEMEX hold back upstream investment
Via Igor Espanhol
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Via Igor Espanhol
"Mexico had been struggling with declining oil and gas production for years before Enrique Pena Nieto’s government passed a major energy sector reform in 2013. The timing of the reform was ill-fated, however. The changed went into effect in 2014 as prices began to slide, dampening foreign investor appetite for Mexican oil and gas exploration."