Pemex portfolio after Round Zero: Entry opportunities into Mexico
In December 2013, a constitutional reform was passed to overhaul the Mexican energy sector. The specific laws of the reform, known as the secondary legislation, are expected to pass by May 2014. Concurrently, Pemex is undergoing an internal portfolio revision process known as Round Zero. The process, which will require the approval of the Energy Secretary and the National Hydrocarbons Commission (CNH), will determine which upstream assets Pemex will retain and which it will relinquish.