January 08, 2013 at 18:25 PM EST
Market Report, "Mexico Oil & Gas Report Q4 2012", Published
Boston, MA -- (SBWIRE) -- 01/08/2013 -- BMI View: We expect Mexico to slow the rate of production decline that has plagued its vital oil sector over the short term, but that the downward trend will persist without new discoveries or further sector reform - potentially seeing the country turn into a net oil importer by the end of the decade. The Calderon administration has had some success pushing through liberalisation measures but has not gone far enough. With President-elect Enrique Pena Nieto advocating further reforms, the elections could prove a crucial turning point for the sector.
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