Publish in Special Reports - Wednesday, May 1, 2019
Mexican President Andres Manuel Lopez Obrador at a May 1, 2019 press conference. (Photo: Mexican Presidency)
Dino Barajas, Akin Gump and Dan Bartfeld, Milbank. (Latinvex collage)
Financing challenges remain in Brazil and Argentina.
BY JOACHIM BAMRUD
Many investors are taking a wait-and-see position when it comes to Mexico’s energy sector as a result of the policies and rhetoric of the country’s new president Andres Manuel Lopez Obrador, experts say.
“Whereas Mexico had huge foreign investment in greenfield energy projects over the past ten years, there is apparently hesitation on putting huge amounts of capital now because of the political climate,” says Dan Bartfeld, a partner in the New York office of Milbank and global practice group leader of the firm’s Global Project, Energy and Infrastructure Finance Group.
Lopez Obrador, typically known as AMLO, assumed Mexico’s presidency in December and has pledged to follow nationalist energy policies in a break with his predecessor, Enrique Pena Nieto, who opened up the country’s energy sector through a historic reform.
“Our clients are ...
Keywords: Akin Gump, Argentina, Chile, Colombia, Mexico, Milbank, PDVSA, Petrobras, Venezuela
LATIN AMERICA ENERGY OUTLOOK