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Big Oil Sees Untapped Potential in Mexico

Feb 2, 2018 | 00:14 GMT
Major international oil companies know that the next Mexican president will be limited in any energy reform rollback.

Riot policemen stand behind a metal barrier while supporters of candidate Andres Manuel Lopez Obrador (on poster) rally in Mexico City.

(YURI CORTEZ/AFP/Getty Images)

Despite the looming possibility of a populist presidential candidate winning the high office in Mexico, "Big Oil" is betting on the longevity of energy reform in the country. Andres Manuel Lopez Obrador, who currently leads the presidential election polls, is promising to reverse aspects of the country's energy reforms. But from the perspective of the major international oil companies, a Lopez Obrador presidency would be little more than than a six-year nuisance, because he lacks the ability to rewrite the legal fundamentals in a way to last beyond his term....

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