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Mexico Venezuela Brazil Pemex Petrobras
Justin Jacobs
27 February 2018
Follow @PetroleumEcon
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Is Amlo a threat to Mexico's oil opening?

The industry fears a López Obrador victory in July's presidential election could derail the country's reforms

The biggest threat hanging over Mexico's historic energy reforms is the rise of leftist presidential candidate Andrés Manuel López Obrador, widely known as Amlo, who has been a harsh critic of opening up the sector to foreign investors. Amlo's critics warn that a victory in July's presidential election will derail the reforms and could bring a Hugo Chávez style renationalisation of the industry. In a coordinated media blitz over the past couple of weeks, some of Amlo's top advisors have sought to soften the edges of the candidate's opposition to the reforms and tame industry fears over his possible victory. "It would be an error for the next administration to cancel all that has been accompl

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