Mexico plans to stimulate economic growth in the country by making energy security its priority

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Mexico's senate committee gave approval to key parts of the energy bill last week, with senators voting 90-28 in favour of the energy sector legislation. This press release is prepared by international research organisation Oliver Kinross.

Since Mexico announced that it was opening up its energy assets market to foreign investors, Mexico has become a major destination for investment. These reforms have drawn attention on a global scale. Countries who have recently expressed interest in investing include one of Japan's biggest energy investors, Mitsui, who have made a public announcement regarding their interest in Mexico's oil and natural gas asset. SapuraKencana, Malaysia's biggest oil and gas services company, has also expressed interest in investment in the Americas as it looks to regions experiencing growth. These international companies are viewed as necessary partners in order for Mexico to diversify its foreign investment appeal.

The Mexican government also plan to increase the energy security of the nation in order to generate economic development. The government believes that greater private sector investment in power generation in Mexico will ultimately lead to more diverse generation sources and new opportunities. This international investment will overturn a decade-long decline in oil production as the reform brings focus on new sources and alternatives of energy such as shale oil and gas.

The Mexico Oil and Gas Summit co-hosted with the Mexico Power Summit and the Mexico Energy Industry Awards on October 20th-21st, 2014, Mexico City, is the most definitive energy event in the region discussing the latest opportunities in Mexico since the enforced legislation. The high profile event features a range of renowned speakers from within these industries, including: Miguel Alonso Rubio, Director General of Acciona Energía; Guillermo Zúñiga Martinez, Commissioner, and Sergio Alejandro Peraza García, Director General of Electricity and Renewable Energy of the Energy Regulatory Commission; and Gaspar Franco Hernández, Director General Of Exploitation of the National Hydrocarbons Commission (CNH) amongst many others.

These respected representatives of the region and industry will be key influences in terms of the future development of Mexico and this drastic change through the reforms. It is a very exciting time for Mexico; many policy makers have come to realise the huge opportunity that energy offers on a global scale. All these changes and investment in the future could increase foreign investment by a substantial amount and boost potential growth in Mexico.

The event will also host The Mexico Energy Industry Awards alongside the two summits and will overall be a key event catering to the opportunities in Mexico since the introduction of the reforms.

Oliver Kinross was founded in January 2008 with the aim of delivering high quality training, business intelligence, and networking opportunities for industry professionals. This is achieved through a series of Conferences, Summits, Exhibitions, and Training Workshops attended by many of the world’s largest organisations. The main industries in which Oliver Kinross operates are European Energy Trading, Oil & Gas Exploration & Production, Smart Energy, International Development & Infrastructure.

For further information please contact: e(dot)mcdonaugh(at)oliverkinross(dot)com.
Oliver Kinross Ltd                            
3rd Floor, Archway House 1-3
Worship Street London,
EC2A 2AB Tel: +44 (0)207 127 4501

Notes for editor:
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Eoghan McDonaugh
Oliver Kinross Ltd
+44 207 065 5524 Ext: 44
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Oliver Kinross