MEXICO OIL INDUSTRY SHOULD DO BETTER SAYS OECD
August 1st, 2009
BY KEITH NUTHALL
A DETAILED assessment of the Mexican oil and gas industry from the Organisation for Economic Cooperation and Development (OECD) has recommended some major structural reforms. The OECD has called for Mexican petrol price controls to bring a "closer alignment between domestic and international gasoline prices", the abolition of other energy subsidies and the introduction of an energy excise tax. "A rapid and adequate implementation of the reform of the state oil company [Pemex] is required to boost oil revenues, increase efficiency ...
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