Premium
The Denationalization of P emex: Implications and Scope for M exico
Author(s) -
Reyes Hernández Miguel,
Moreno Humberto Morales,
López Miguel A. López,
Jiménez Jorge Abascal
Publication year - 2014
Publication title -
latin american policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.195
H-Index - 4
eISSN - 2041-7373
pISSN - 2041-7365
DOI - 10.1111/lamp.12035
Subject(s) - sovereignty , scope (computer science) , profit (economics) , government (linguistics) , economics , production (economics) , business , international trade , international economics , political science , macroeconomics , law , microeconomics , computer science , linguistics , philosophy , politics , programming language
This article provides evidence of the denationalization of P etróleos M exicanos in matters of energy sovereignty and analyzes effects on the budget related to fiscal resources perceived from oil. The analysis is based on a high level of efficiency in production that places P etróleos M exicanos as one of the most efficient corporations in terms of operating profits despite a fiscal regime for extractive industries and the strategy of slow dismantling and denationalization that has been going on since the 1990s and which began with the separation of the business unit as a fundamental aspect. The effects on energy sovereignty and the different scenarios of profit‐sharing contracts, production‐sharing agreements, and concessions, and the fiscal impact with the entrance of large transnational corporations into M exican territory are analyzed from the 1990s until the current reform that eliminates the government's exclusivity in drilling and looking for oil.