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Foreign Investors & Mexican Energy Reform: Changes Likely Following Mexican Election

Andrés Manuel López Obrador, known as AMLO, tells supporters that the supposed economic benefits of reform such as lower gasoline and electricity costs haven’t yet materialized. June 3 2018, Mexico City (photo: Lorne Matalon)

MEXICO CITY — Antonio Godinez Vera makes his living turning golden kernels of Mexican corn into a mash that becomes tortillas. People like Godinez, a small business owner with four employees, are part of a wave that powered Andrés Manuel López Obrador to the Mexican presidency when voters elected a new head of state July 1.

The campaign and its aftermath are being closely watched by U.S. energy companies that have operated in Mexico since the country’s 2014 energy reform. That reform was an opening that allowed foreign energy companies to bid on offshore blocks in the Gulf of Mexico, onshore oil and gas fields, wind and solar production and distribution and electricity generation contracts.

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