Q: How would you rank the attractiveness of Mexico as an oil and
gas investment destination?
A: It is difficult to compare the current state of the Mexican
oil and gas industry, which has very recently opened up to private
investment, and is still in the process of implementing all of the
secondary and tertiary regulations of the Energy Reform, with other
industries that have allowed private participation for decades.
Nevertheless, Mexico's legal regime applicable to oil and gas
activities has been modified after studying and identifying the
successes and failures of several types of regimes on a global
level, the best international practices, and the particular
circumstances and potential of our country. Therefore, in general
terms, the regime is designed to be competitive and attract foreign
investment.
