FILE PHOTO: Excess natural gas is burnt, or flared, from Mexican state-owned Pemex’s Tula oil refinery, located adjacent to the Tula power plant belonging to national power company Comision Federal de Electricidad, or CFE, in Tula de Allende, north of Mexico City, Mexico June 22, 2020. Picture taken June 22, 2020. REUTERS/Henry Romero/File PhotoReuters
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday he may reverse Mexico’s 2013-2014 energy liberalization next year if he is unable to “rescue” state oil company Petroleos Mexicanos and electricity utility CFE with existing laws.
Lopez Obrador has long held the view that the private sector has been given too much freedom in Mexico’s energy industry, at the expense of the state-owned companies and the nation’s energy independence.
“I don’t want the energy sector to be privatized because if we don’t have economic independence, energy independence, we cannot guarantee our