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The Push to Privatize PEMEX
- Article from:
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In These Times
- Article date:
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June 1, 2008
- Author:
- Pupovac, Jessica
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Copyright informationCopyright Institute for Public Affairs, Inc. Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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HALLIBURTON IS LICKING its chops at the prospect of Mexico's state-owned Petroleos Mexicanos going private.
Petróleos Mexicanos, or PEMEX, withstood a tsunami of privatizations of formerly state-owned companies in the late 1980$ and '90$. But now, with probusiness President Felipe Calderon in office, the effort is being revisited-and the Mexican left is coming out en masse to defend the /o-year-old company, a longtime source of national pride and a symbol of Mexican sovereignty.
On April 8, Calderon, who served as energy secretary under former President Vicente Fox, proposed a reform package that calls for forging "strategic alliances" with private oil companies and opening 37 of PEMEX's ...
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