Weekly Summary

President Enrique Peña Nieto put his signature on Mexico’s energy reforms this week, dominating the news. For the first time since oil nationalisation in 1938, state oil company PEMEX will share the market with other participants. PEMEX will still have a dominant share of existing assets, keeping 83% of proved and probable reserves, but its share of possible reserves is now 21%. The company said it intends to enter into agreements with up to 10 new entrants across its operations. Elsewhere, RTP of the US opened a new production line in Monterrey, and mixed economic statistics suggested that economic growth this year will be slower than expected.

After Hours likes the music of Juan Gabriel, and broadcasts his dialogue with himself about his upcoming tour. Hot Tamales was happy to see Elena Reygadas named Latin America’s top female Chef.

Hasta la próxima!



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