Mexico’s Energy Opening at Risk With AMLO Mulling Reversal
- President to consider energy constitutional reform after 2021
- Plan comes amid corruption investigation into ex-CEO of Pemex
Andres Manuel Lopez Obrador
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
President Andres Manuel Lopez Obrador said he will consider reversing Mexico’s energy opening after 2021, stoking the worst fears of international oil companies that have invested billions in the country since the end of the state monopoly.
Lopez Obrador may push to amend the constitution to change the energy legislation that ended almost seven decades of state control in the second part of his mandate, he said on Wednesday, bringing to the table for the first time the possibility of backtracking a major pro-business reform in Mexico.