Oil & Gas

The oil industry has long been one of the country’s most important economic engines. However, a number of factors including the lack of government investment in its production sites, the high level of PEMEX’s indebtedness and a steep decline in world oil prices left the sector reeling. However, upward momentum is returning to the sector as the proposals presented by the Energy Reform, approved in 2013, begin to bear fruit. The participation of private agents, a more stable PEMEX and steadier oil prices are all making a positive contribution.