U.S. energy companies will benefit from “abundant opportunities” as a result of Mexico’s energy reforms, a private economic analysis indicated. Mexico’s energy overhaul, approved by Congress last month, ends the monopoly of state-owned Mexican oil company Petroleos Mexicanos, known as Pemex, and opens all segments of the energy sector to private firms for the first time in 75 years. A report by financial services firm BBVA Compass, based in Birmingham, Ala.., concluded the investment and new projects expected to flow from Mexico’s energy reforms could mean 2.5 million new jobs in Mexico by 2025. “More jobs in Mexico could potentially reduce illegal immigration,” BBVA Compass economist Marcial Nava said in a webinar this week, the Houston Chronicle reports. Nava predicts the reforms will pump about $1.2 trillion to the Texas-Northern Mexico region in the next decade. “If these border towns effectively seize the […]