President Enrique Peña Nieto, participated in the “Energy Reform in Mexico” event in Saudi Arabia, at which he stated: “In Mexico, we are convinced that energy should be a source of growth rather than instability.”

He also stressed that through this reform: “Mexico wants to participate responsibly in the world’s energy development, especially on the basis of the structural changes we have achieved”: It also wishes to promote a new development model in Mexico; a new paradigm to provide Mexico with development and prosperity. “

10 Energy Reform Highlights:

1. Mexico offers, particularly today, opportunities in key sectors for development in telecommunications, infrastructure and energy.

2. In the 80s, Mexico exported raw materials: nearly 70 percent of exports involved oil and mining, and 20 percent manufacturing. In 2015, 89 percent of exports were manufacturing, while petroleum and mining accounted for only 8 percent. Nowadays, manufactured goods also have a higher added value.”

3. Energy Reform created a new model of markets in the sector, characterized by openness, competition and global integration. Investors can participate in exploration, extraction and manufacturing projects, as well as transport, storage and marketing services.

4. In 2015 the first three tenders in this sector were held, in keeping with the highest standards of legal certainty and transparency.

5. 30 contracts were assigned to national and international companies, giving rise to a new energy industry in Mexico.

6. The blocks and fields to be tendered in the next five years were announced.

7. A large market of petroleum products and petrochemicals will be created; while additional opportunities for investment in pipelines, storage terminals and distribution systems will be created.

8. Private companies will be able to generate and sell power on the new Mexican electricity market. There are unprecedented opportunities for investing in cleaner, renewable sources such as solar, wind or geothermal energy.

9. Mexico is working to become a bridge to connect the energy markets of North America, Latin America and Asia. By 2018, there will be seven gas interconnection bridges with the United States, while efforts are being made to develop pipeline to connect us with Central America.

10. There are currently 11 electrical interconnections with the United States and two in Central America, and new cross-border interconnections are being evaluated. Leading-edge logistic-energy infrastructure is being built to link the Pacific with the Atlantic.