Mexico’s energy opening faces test in deepwater oil auction

01/19/2018 Reuters

pexels-photo-236089.jpegMEXICO CITY (Reuters) – An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to capitalize on its opening of the energy sector, the central plank of its economic agenda.

The Jan. 31 tender of licenses to explore and drill in 29 blocks in the Gulf of Mexico is the biggest chunk of oil and gas wealth on offer since the completion of a 2013-14 legislative overhaul that ended state oil firm Pemex’s decades-long monopoly.

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Mexico requests extradition of former ruling party governor

01/19/2018 Reuters

File:Duarte71.jpgMEXICO CITY (Reuters) – Mexico’s attorney general’s office said on Friday it had requested the extradition of a former ruling party governor accused of corruption and electoral crimes, though it did not identify the country involved.

Separate requests were made for the extradition of Cesar Duarte, who governed the northern state of Chihuahua from 2010 to 2016, a source in the attorney general’s office said on condition of anonymity.

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Headlines

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1.  Andrés Manuel López Obrador, the pre-presidential candidate for the National Regeneration Movement party, known as MORENA, assured that there are no foreign governments supporting his presidential campaign. This comes after Institutional Revolutionary Party’s (PRI) Enrique Ochoa accused the López Obrador campaign of having ties with Russia and Venezuela. López Obrador claims these allegations are part of a “dirty war” that has been waged against his campaign.

Read more: El Universal, Jornada, Expansion, Reforma

2. The Office of the General Prosecutor (PGR) announced that it has filed extradition requests for Cesar Duarte, Chihuahua’s ex-governor affiliated with the Institutional Revolutionary Party (PRI). Duarte faces federal electoral law and corruption charges. Acting Attorney General, Elías Beltrán, stated that he is working closely with Mexico’s Interpol to locate Duarte.

Read more: Reforma, Excelsior, El Universal, Milenio

3. On Thursday, Mexico’s Secretary of Foreign Affairs, Luis Videgaray, reiterated that Mexico will not pay for a wall along the U.S.-Mexico border. Videgaray released a statement indicating that “[o]ur [c]ountry will not pay, in any way and under any circumstance, a wall or physical barrier that is built in U.S. territory along the border with Mexico.” Videgaray traveled to Washington, D.C. this week to discuss a bilateral and regional agenda with White House officials and with the Organization of American States (OAS).

Read more: Reforma, Excelsior, El Universal, Milenio

4.  According to the National Institute of Statistics and Geography, known as INEGI, 75.9% of Mexican believe that the city where they live is unsafe. INEGI’s findings reveal that there is a greater perception of insecurity in the cities of Reynosa (Tamaulipas), Chilpancingo (Guerrero), Fresnillo (Zacatecas), Villahermosa (Tabasco), and Coatzacoalcos (Veracruz). ATMs are considered one of the most insecure places in the country, as 82.3% of people feel unsafe.

Read more: El Universal, El Financiero, Reforma, Jornada

NAFTA talks seen ending happily, despite growls from Trump

01/19/2018 Reuters

TLC_mapBENGALURU/SAO PAULO (Reuters) – The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration’s saber-rattling.

Only four of 45 economists polled this week said they thought the deal would be terminated, with the rest expecting an updated trilateral agreement that would not differ radically from the current one.

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Next NAFTA round to be extended by a day, Mexico spars with U.S.

01/18/2018 Reuters

flag pictureMEXICO CITY/OTTAWA (Reuters) – Talks in Montreal later this month to update the North American Free Trade Agreement will be extended by one day, officials said on Thursday, as Mexico and the United States exchanged barbs.

The negotiations have bogged down as Canada and Mexico resist radical demands from the United States to revise the rules governing one of the world’s largest trading blocs.

U.S. President Donald Trump is threatening to abandon NAFTA unless major changes are made to the 1994 treaty.

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U.S. Is Losing Patience With Nafta Talks, Sources Say

01/18/2018 Bloomberg

flag pictureThe U.S. is losing patience with the slow pace of Nafta talks and wants concrete proposals from Canada and Mexico on contentious issues such as content requirements for cars when negotiations resume next week, according to two people familiar with the matter.

The U.S. is serious about its threat to withdraw from the North American Free Trade Agreement if there’s no breakthrough on proposals the Trump administration has made that are intended to rebalance trade on the continent, said one of the people, who spoke on condition of anonymity because the negotiations aren’t public.

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Mexico should study Colombia peace process, says Obrador aide

01/18/2018 Reuters

Mexican politician Andres Manuel Lopez Obrador,  leader of the National Regeneration Movement (MORENA) gestures as he addresses the audience during a meeting at Plaza Zaragoza in Monterrey, Mexico
Mexican politician Andres Manuel Lopez Obrador, leader of the National Regeneration Movement (MORENA) gestures as he addresses the audience during a meeting at Plaza Zaragoza in Monterrey, Mexico February 25, 2017. REUTERS/Daniel Becerril

MEXICO CITY (Reuters) – The Colombian peace process is a “good reference” for Mexico to follow to try and end years of drug violence, the security advisor of leftist presidential frontrunner Andres Manuel Lopez Obrador said on Thursday.

Lopez Obrador has chosen Alfonso Durazo, a veteran political operative who critics say has little law enforcement experience, as his pick to reactivate the public security ministry if he wins July’s presidential election, tasking Durazo with the tough job of lowering a record murder tally.

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