RIGZONE – Mexico to Privatize State Oil Company Pemex?

Dec 18, 2012 | | 0 |

Big potential changes south of the border. Mexican President-elect Enrique Pena Nieto has announced that he wants increased private investment in the nation’s energy industry.Will this include Mexican state oil company Petroleos Mexicanos, more familiarly known as Pemex?The question is significant for the U.S.Mexico is, according to the U.S. Energy Information Administration, now America’s second largest source of imports. Of the United States’ total crude oil imports averaging 9,033 thousand barrels per day (tbpd), Mexico provides 1,319 tbpd, exceeded only by Canada with 2,666 tbpd.via RIGZONE – Mexico to Privatize State Oil Company...

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How Wal-Mart Used Payoffs to Get Its Way in Mexico – NYTimes.com

How Wal-Mart Used Payoffs to Get Its Way in Mexico – NYTimes.com

Dec 18, 2012 | | 0 |

SAN JUAN TEOTIHUACÁN, Mexico — Wal-Mart longed to build in Elda Pineda’s alfalfa field. It was an ideal location, just off this town’s bustling main entrance and barely a mile from its ancient pyramids, which draw tourists from around the world. With its usual precision, Wal-Mart calculated it would attract 250 customers an hour if only it could put a store in Mrs. Pineda’s field.One major obstacle stood in Wal-Mart’s way.After years of study, the town’s elected leaders had just approved a new zoning map. The leaders wanted to limit growth near the pyramids, and they considered the town’s...

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At Wal-Mart in Mexico, a Bribe Inquiry Silenced – NYTimes.com

At Wal-Mart in Mexico, a Bribe Inquiry Silenced – NYTimes.com

Dec 18, 2012 | | 0 |

In September 2005, a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidiary, Wal-Mart de Mexico. In the e-mail and follow-up conversations, the former executive described how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance. In its rush to build stores, he said, the company had paid bribes to obtain permits in virtually every corner of the country.via At Wal-Mart in Mexico, a Bribe Inquiry Silenced –...

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Mexico Government Says Security Policy Failing – ABC News

Mexico Government Says Security Policy Failing – ABC News

Dec 18, 2012 | | 0 |

A top minister in Mexicos new government harshly criticized the U.S.-backed attack on drug cartel leaders for causing violence to surge, while officials offered some limited details on a planned shift in security strategy.Interior Secretary Miguel Angel Osorio Chong opened a meeting Monday of the National Security Council saying that under the strategy of former President Felipe Calderon, who left office Dec. 1, “financial resources dedicated to security have more than doubled but unfortunately crime has increased.”via Mexico Government Says Security Policy Failing – ABC...

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In Mexico, a new course under a new president | TBO.com

In Mexico, a new course under a new president | TBO.com

Dec 17, 2012 | | 0 |

On Dec. 1 Enrique Peña Nieto took the oath of office and began his six-year term as president of Mexico. He immediately directed his cabinet — which skews toward economic and technocratic know-how — to get to work, announcing a sweeping 13-point plan for immediate enactment. The next day, he joined leaders of the two main opposition parties for the signing of a Pact for Mexico, a plan to promote Mexico’s development.These and other decisive moves are generating excitement for the country. Whereas a couple of weeks ago there were undercurrents of optimism, there’s now talk of the need...

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