Fight or flight for Mexico’s oil sector

Our partner Diana Pineda comments on the benefits that have been granted to Pemex, in an article published by LatinLawyer.com

Fiscal benefits worth around US$2.6 billion have been granted to Pemex during this crisis, but no similar aid has been given to the rest of the sector, which has left a bitter taste in the mouth of some lawyers. “The whole sector should be considered and not just one company,” said Diana Pineda Esteban, partner at González Calvillo, SC.

Mexico has signed trade treaties that say Mexico will treat foreign investors equally to local investors, but only Pemex so far has been given special treatment.

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