I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Sunday 8 December 2013

Exclusive: Mexico's draft energy reform spans profit-sharing to licenses



Read? Exclusive: Mexico's draft energy reform spans profit-sharing to licenses



Crude output at Pemex has fallen by a quarter since peaking at 3.4 million barrels a day in 2004, and its management says it needs a huge injection of capital.

Many Mexicans believe the plan is a covert bid to sell off the company, which remains a potent national symbol despite corruption scandals over the years.


CW8888: Is Pemex playing catch-up in partnership with Keppel ahead of this new development?



2 comments:

  1. Mexico's Congress on Thursday approved a closely watched energy-reform bill, clearing constitutional changes poised to break a 75-year monopoly on the country's oil and gas sector by state company Pemex.

    ReplyDelete

  2. Pemex aims to keep all of its current oil and gas developments through the initial allocation of operating rights scheduled for the first half of 2014, chief executive Emilio Lozoya said on Friday according to a report.

    The allocation will be one of the first steps after Thursday's congressional approval of a sweeping energy overhaul that aims to lure major investment and boost oil and gas output in Latin America's second-biggest economy, Reuters reported.

    "Clearly, everything we have in production as well as areas where we've undertaken exploration and seismic studies and where we know that there's major hydrocarbon potential, we will also ask to keep those areas," Lozoya told Reuters.

    The so-called "round zero" gives Pemex first rights to explore and produce crude at the country's onshore and offshore fields, either by itself or in association with other companies.

    The proposal leaves Mexico with sovereign ownership of its reserves. But it lays out the framework for an independent regulatory system and allows a range of different contract models for foreign players.

    ReplyDelete

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