{"id":16053,"date":"2018-08-07T13:10:48","date_gmt":"2018-08-07T18:10:48","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=16053"},"modified":"2018-08-07T13:10:48","modified_gmt":"2018-08-07T18:10:48","slug":"mexican-energy-sector-overhaul-could-reduce-u-s-export-demand","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/mexican-energy-sector-overhaul-could-reduce-u-s-export-demand\/","title":{"rendered":"Mexican energy sector overhaul could reduce U.S. export demand"},"content":{"rendered":"<p><a href=\"https:\/\/www.chron.com\/business\/energy\/article\/Mexican-energy-sector-overhaul-could-reduce-U-S-13134774.php\">Chron \/\u00a0Katherine Blunt\u00a0\/ August 6<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>An ambitious plan to boost Mexico&#8217;s oil and gas production could potentially slow the country&#8217;s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, according to research firm Morningstar.<\/p>\n<p>Mexican president-elect Andr\u00e9s Manuel L\u00f3pez Obrador announced late last month a plan to invest billions of dollars in Pemex, the country&#8217;s state-owned energy company, in an effort to\u00a0 reverse years of declining production. He also reaffirmed his intent to review more than 100 exploration and production contracts awarded to private oil and gas companies since the 2013 reforms, which opened the country&#8217;s energy sector to foreign investment for the first time in decades.<\/p>\n<p>Mexico&#8217;s energy reforms are enshrined in its constitution, and L\u00f3pez Obrador has said that he will\u00a0he will honor existing contracts so long as they don&#8217;t reveal corruption. But Morningstar noted that any effort to scale back the reforms or increase Mexican energy production could jeopardize some $200 billion in outside investments planned for the country&#8217;s oil and gas, power, refining and distribution sectors.<\/p>\n<p>Part of\u00a0L\u00f3pez\u00a0Obrador&#8217;s plan involves investing $2.6 billion to upgrade the nation&#8217;s six existing refineries as well as building a new, $8.6 billion refinery at the oil port of Dos Bocas in Tabasco. The country&#8217;s existing refineries have been operating at less than 70 percent capacity since 2012, according to Mexico&#8217;s energy department, requiring the country to import more gasoline, diesel, jet fuel and other refined products.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.chron.com\/business\/energy\/article\/Mexican-energy-sector-overhaul-could-reduce-U-S-13134774.php\">Chron \/\u00a0Katherine Blunt\u00a0\/ August 6<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-16041 aligncenter\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/08\/shutterstock_186351839-300x216.jpg\" alt=\"\" width=\"300\" height=\"216\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chron \/\u00a0Katherine Blunt\u00a0\/ August 6 &nbsp; An ambitious plan to boost Mexico&#8217;s oil and gas production could potentially slow the country&#8217;s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, according to research firm Morningstar. Mexican president-elect Andr\u00e9s Manuel L\u00f3pez Obrador [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":16041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1470,1474,1017,1475,1476],"tags":[1246,1673,199,1805,754,232,1566],"class_list":["post-16053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hydrocarbons-storage","category-mexicos-energy-reform","category-news","category-oil-gas","category-oil-operators","tag-energy-sector","tag-exploration-and-production","tag-mexico","tag-mexicos-energy-reforms","tag-oil-and-gas","tag-pemex","tag-us"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/16053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=16053"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/16053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/16041"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=16053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=16053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=16053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}