Mexico’s energy reform no slam dunk yet

Aug 21, 2013 | 06:31 PM | Thorsten Schier

Tags  Mexico, Enrique Peña Nieto, oil and gas sector, oil country tubular goods, OCTG, line pipe

NEW YORK — Analysts said it is too early to tell if Mexican president Enrique Peña Nieto’s recently proposed reforms to the country’s oil and gas sector will be approved and, even then, whether they will boost oil and gas exploration and subsequently oil country tubular goods (OCTG) and line pipe demand in the country.

Mexico’s natural resources are state-owned, and the most significant proposal of the reform is to allow profit-sharing exploration and production partnerships between private companies and state producer Petróleos Mexicanos SA de CV (Pemex).....

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