Price of oil in Mexico creates financial stability

oil

The energy reform approved in Mexico has provided may benefits, among which are the stability of the oil prices.

Energy reform helps to maintain stability in oil prices.

Mexico City, June 1, 2015.-The effects of the energy reform can lessen the impact by the reduction of the international oil prices, said the President of the American Society, Larry Rubin.

The investment that will attract the reform in the energy sector will result in a solution to the problems facing the national economy. The energy reform was vital for an economic transformation in Mexico, but they are still not obtained those benefits to be seen until next year.

The reform will not only bring investment to the country, but it will also generate jobs, which translates into benefits for the Mexican economy.

The impact of the oil price means a challenge in the current administration, in particular due to the fact that it is necessary to compensate for some adjustments in other areas of federal spending.

Thanks to the stability of the Mexican economy, the problem of oil prices not has impact both as other producing Nations, as in the case of Venezuela or Brazil.

At the same time, he stressed the need that the sector be opened to tell with greater investment and see the interest of companies in a different framework.

One of the strengths of the country under the impact of the oil price has been that the administration has made possible by despetrolizar the economy.

Still, Rubin added, is needed to make Mexico a more attractive country for foreign investment, so it should work on anti-corruption projects and improve regulatory.

The fall in energy prices internationally not puts at risk the progress of the energy reform in Mexico which, by contrast, has generated great appetite among domestic and foreign companies.

For this reason, and in order to create a space for networking among current and potential players in the Mexican energy sector, will be held Congress; Energy Mexico 2016, organized by EnergeA and E.J. Krause, which will take place from the 26,27 and 28 January 2016 in the center of conventions Banamex, Mexico City.

Thanks to the structural changes of the Mexican Government’s reforms have generated greater certainty to investors foreign, capturing larger flows of foreign direct investment.

For this reason, companies such as DHL and UPS have benefited from these structural changes regarding the stabilized oil prices, since companies are prepared to benefit from the reform, that they will have access to cheaper fuels, at least in the short term.

The energy reform and what has worked for your advancement, provides the Secretariat of finance and public credit (SHCP) the prospect that the oil rig in Mexico will tend to recover in the months and years coming.

While it is not the best time for the economy, the energy reform will generate greater opportunities.

Mexico will have an estimated investment of three billion dollars that could begin to flow in late 2016 and 2017 principles, even though five years Mexico would capture 60 billion dollars of investment.

Mexican Business Web

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