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Mexico: A Budget Proposal's New Plan for Energy

Dec 17, 2018 | 22:49 GMT

(Stratfor)

Mexican President Andres Manuel Lopez Obrador is working to limit outside influence and control over his country's oil and natural gas sector. According to an early draft of the 2019 budget, he will do this by cutting the budgets of the energy sector regulators empowered by energy reforms in 2013. The National Hydrocarbons Commission (CNH), the federal organization tasked with conducting bidding rounds on developing oil and natural gas resources, will have its budget cut by about $1.25 million, or nearly 10 percent of its 2018 budget. In addition, the Energy Regulatory Commission (CRE), which is tasked with managing permits and overseeing fuel transportation, fuel storage and electricity generation, will have its expenses budget cut by $1.6 million, or 11 percent of the commission's previous annual budget. As the president works to implement his austerity plan, many of the cuts come in the form of salary downgrades for officials earning...

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