On January 23, at the World Economic Forum in Davos,
Switzerland, Villarreal said Mexico would “replace Venezuelan oil.” Indeed, he
noted, in spite of the drop in oil prices, Mexico was a great investment for
oil and gas companies: [F]or companies in deep-waters, in mature wells, in the
new technologies of shale gas, Mexico is still a great opportunity, Villarreal
makes these comments after the Mexican government decided to privatize its
state-run energy company two years ago. Oil and gas was under a monopoly
through PEMEX (short for Petroleos Mexicanos) but lawmakers decided to break it
up. More… 
Friday, January 30, 2015
Mexico Believes It Can Replace Venezuelan Oil
On January 23, at the World Economic Forum in Davos,
Switzerland, Villarreal said Mexico would “replace Venezuelan oil.” Indeed, he
noted, in spite of the drop in oil prices, Mexico was a great investment for
oil and gas companies: [F]or companies in deep-waters, in mature wells, in the
new technologies of shale gas, Mexico is still a great opportunity, Villarreal
makes these comments after the Mexican government decided to privatize its
state-run energy company two years ago. Oil and gas was under a monopoly
through PEMEX (short for Petroleos Mexicanos) but lawmakers decided to break it
up. More… 
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