Mexico marks March 18 with rumors swirling about private sector energy projects, but there are three other steps for greater possible impact.
March 18 is a seminal date in Mexico. Indeed, this year marks the 82nd anniversary of the famed announcement by President Lazaro Cardenas to expropriate private firms and nationalize the Mexican oil industry. In 2020, the date has become a marker for what many hope is a major speech from President Andres Manuel Lopez Obrador with regards to the nation’s energy sector. While the project list and announcement is important, there are three areas and simpler steps that may be more important to improve the sector’s outlook this year.