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Incoming leader of Mexico set for White House visit
“The debate in some political sectors in Mexico is very critical of the idea to allow private capital to be invested along the national oil company, Pemex, claiming that the foreigners want to take away our national resources,” said Emilio Lozoya, the foreign-affairs coordinator for Mr. Pena Nieto’s pre-Cabinet transition team.
What remains to be seen is the extent to which positive talk from Mr. Obama will help or hurt Mr. Pena Nieto’s efforts to break through opposition by Mexican leftists to the energy reforms.
Mr. Pena Nieto has tried to focus the energy debate on the potential for job creation in Mexico, along with the nation’s own aspirations for energy independence.
“Due to the current outdated legislation, Mexico is currently importing liquid natural gas from South America and the United States instead of developing our own sources of natural gas and shale gas, which are extremely rich,” said Mr. Lozoya. “In addition, we export raw oil and import huge volumes of gasoline from the rest of the world.”
“What the president-elect is proposing, is not privatizing Pemex by any means, but rather allow the private sector to co-invest in some areas of opportunity that Mexico is not developing due to a lack of technology and capital,” he said, adding that the such reforms were initially proposed in 2008 by the National Action Party of outgoing President Felipe Calderon.
“Now, the PRI, under a reformist president, is proposing a similar opening, while preserving the state’s dominance and ownership in the sector,” Mr. Lozoya said. “Therefore, I see a good possibility of modernizing our legal framework, which will ultimately produce more employment opportunities for the Mexican population.”
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About the Author
Guy Taylor rejoined The Washington Times in 2011 as the State Department correspondent.
As a freelance journalist, Taylor’s work was supported by the Pulitzer Center on Crisis Reporting and the Fund For Investigative Journalism, and his stories appeared in a variety publications, from the St. Louis Post-Dispatch to Salon, Reason, Prospect Magazine of London, the Daily Star of Beirut, the ...
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