Exploration & Production

Mexico’s unpopular president sticks to the script

Mexican President Enrique Peña Nieto trumpeted Pemex’s latest discovery in time-honoured fashion last week, but is he stuck in the past? Mexican President Enrique Peña Nieto trumpeted Pemex’s latest discovery in time-honoured fashion last week, but is he stuck in the past?
By The Wildcat 9 November 2017 0 28309
Peña Nieto at his state of the union address in September. (PA)

Mexican President Enrique Peña Nieto has killed off the perception that his country is hostile to foreign capital in recent years, but he is keeping one myth alive: that Mexico’s president is a solemn guardian of the country’s hallowed oil riches

Peña Nieto announced Mexico’s largest onshore discovery for 15 years last week with the usual pomp and ceremony. Oilmen stood to chant the president’s name as Peña Nieto – wearing an impeccable pinstriped shirt and flanked by Pemex’s chief...