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The Energy Sector of Mexico in the Face of Change

Author

Listed:
  • Sánchez-Cano, Julieta Evangelina.

    (University of Durango State)

Abstract

The energy industry in Mexico is a strategic factor that affects the development of the country and therefore is transcendental to the Mexican economy. The Mexican economy is highly dependent on the production of energy from oil, since PEMEX accounts for almost 10% of the country’s GDP and 40% of budget revenues. However, Mexico is a country with a slowdown in the reserves-production ratio for oil, because for several years, Mexico has increased its production without more discoveries of new oil wells. In response, the Mexican government has proposed a comprehensive reform strategies for the energy sector, this article analyzes the strategies and the current status of the sector./ La industria energética en México es un factor que incide estratégicamente en el desarrollo del país y por lo tanto es transcendental para la economía mexicana. La economía mexicana es altamente dependiente de la producción de energía proveniente del petróleo, ya que PEMEX aporta casi el 10% del PIB del país y el 40% de los ingresos presupuestarios. No obstante, México, es un país con un estancamiento en el ratio reservas/producción de petróleo, debido a que desde hace varios años, México ha incrementado su producción sin tener más descubrimientos de nuevos pozos petroleros. Ante ello el gobierno mexicano ha propuesto estrategias y una reforma integral para el sector energético, este artículo analiza dichas estrategias y la situación actual del sector.

Suggested Citation

  • Sánchez-Cano, Julieta Evangelina., 2014. "The Energy Sector of Mexico in the Face of Change," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(18), pages 77-95, primer se.
  • Handle: RePEc:ipn:panora:v:ix:y:2014:i:18:p:77-95
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    More about this item

    Keywords

    energy sector reform; oil./ sector energético; reforma; petróleo.;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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