Mexico gas E&P may see private sector funding

Petroleos Mexicanos Dir. Gen. Raul Munoz Leos has said that there is a possibility of private investment in natural gas exploration and production in Mexico by means of service contracts.This was the first time since 1950 that a Pemex director general has voiced or defended a policy to permit private investment in E&P, according to George Baker, petroleum analyst and director of the Houston-based newsletter service Mexico Energy Intelligence.The notion of private investment in Mexico's upstream sector, currently forbidden by the country's constitution, has long been considered a taboo subject for discussion in Mexican political circles. But such talk is becoming more open in Mexic...

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