Private firms fill gaps in Mexico oil sector

Some analysts say the Mexican government is wasting time while providing scant incentive for private firms and Pemex to jointly achieve the goal of adding 1.3 million barrels per day by 2024.

But “If success is not what the government expects, it will be evident that more private investment is needed,”, said Ruaraidh Montgomery, director of Research at consultancy Welligence. And that is why Mexico’s secondary market is interesting to some competitors as it allows them to monetize portfolios, Montgomery adds, Reuters reports.