Mexican Oil

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Pablo Soria de Lachica Summarizes the Future of Mexican Oil Pipelines

Since 2013 Mexico has been undergoing wide-ranging energy reforms to revitalize oil production and boost local economies. These have resulted in increased shares in the power sector, a decrease in reliance on imports, and the creation of a solid foundation for robust economic growth in the coming years. Today, the nation continues to place emphasis on expanding and improving its energy infrastructure. International businessman and foreign exchange expert Pablo Soria de Lachica recently discussed what to expect for the future of oil pipelines and production in the country. One project, the South Texas-Tuxpan pipeline, is a $3.1 billion underwater endeavor that is expected to increase oil capacity by 2.6 billion cubic feet per day. Upon completion, it will become Mexico’s first subsea pipeline and will greatly improve the country’s ability to export to the southern United States, which is experiencing…