Mexico’s energy industry strategy will be overhauled if the frontrunner for the next presidential term, Andres Manuel Lopez Obrador, wins the July election, his senior energy adviser said in an interview with Reuters. Rocio Nahle, who is the most likely Energy Minister of the future cabinet if Obrador wins, also said that the leftist candidate is not against foreign energy investment in Mexico. Even so, the contracts signed with international oil companies by the current government will be scrupulously reviewed. What Obrador seems to be opposed to is sending crude oil abroad. In fact, the Obrador government would try to put an end to all crude oil exports within three years of coming into office, focusing instead on refined products. “In a three-year period, at the latest, we need to try to consume our own fuels and not depend on foreign gasoline,” Nahle said. This would be bad for […]