SEIZING THE MEXICO’S OPPORTUNITIES
Argentina's YPF and Malaysia's Petronas are negotiating a joint-venture with Mexico's Pemex – possibly starting with shallow water fields – in a bid to become the first foreign oil companies to seize the opportunities of Mexico's energy reform.
While executives from majors such as Shell, BG, Chevron and Occidental gathered in the Caribbean resort of Cancún last week for a conference on the historic liberalisation of the sector, the heads of the three companies were laying the foundations for a deal over private dinners, the golf course and on helicopter rides.
Emilio Lozoya, the man modernising Pemex, Mexico's…
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