Mexico Weighing Profit Sharing in Oil Overhaul, Ambassador Says

June 7, 2013

Oil barrelsBloomberg, 6/6/2013

Opening Mexico’s oil industry requires changing the constitution, and the Pena Nieto administration is weighing profit-sharing contracts for private companies, said Eduardo Medina Mora, the ambassador to the U.S. Allowing profit-sharing agreements is one of “several routes that could be followed” in the energy overhaul proposal that the government is drafting to submit to congress in the second half of the year, Medina Mora said.

Mexican President Enrique Pena Nieto, who took office in December, said during the campaign for last year’s election that he would make opening the state-controlled oil industry to more private investment his “signature issue.” He’s pursuing tax and energy overhauls to help wean the government off oil sales that fund a third of the federal budget and restore output at state-owned Petroleos Mexicanos after Mexico’s biggest oil discovery, Cantarell, collapsed over the past decade. “We have to provide certainty to players, to economic agents that would participate in this market,” Medina Mora said today in an interview at Bloomberg’s headquarters in New York. “It would very much help to have a constitutional amendment to do that.”

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Medina Mora: EPN´s Priority Not To Stop Drug Trafficking, But Pacify Country (Spanish)

May 29, 2013

MedinaMora-Event-1Proceso, 5/28/2013

En el problema de seguridad y narcoviolencia que enfrenta el país, el objetivo del gobierno de Enrique Peña Nieto es lograr la pacificación y no necesariamente frenar el tráfico de drogas, aseguró aquí el embajador Eduardo Medina Mora.

Desde una perspectiva nacional, “el objetivo no debería ser el ponerle fin al tráfico de drogas, porque está más allá de nuestro alcance, sino darle a los ciudadanos el derecho de vivir en paz con sus familias y en sus comunidades”, explicó el también exprocurador general de la República en la primera parte del sexenio de Felipe Calderón, durante su ponencia en la cena organizada por el Instituto México del Centro Woodrow Wilson.

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U.S. role at a crossroads in Mexico’s intelligence war on the cartels

April 29, 2013

Mexican Police catch drug dealer photo by Jesús Villaseca P Latitudes PressThe Washington Post, 4/27/13

For the past seven years, Mexico and the United States have put aside their tension-filled history on security matters to forge an unparalleled alliance against Mexico’s drug cartels, one based on sharing sensitive intelligence, U.S. training and joint operational planning. But now, much of that hard-earned cooperation may be in jeopardy.

The December inauguration of President Enrique Peña Nieto brought the nationalistic Institutional Revolutionary Party (PRI) back to power after 13 years, and with it a whiff of resentment over the deep U.S. involvement in Mexico’s fight against narco-traffickers. The new administration has shifted priorities away from the U.S.-backed strategy of arresting kingpins, which sparked an unprecedented level of violence among the cartels, and toward an emphasis on prevention and keeping Mexico’s streets safe and calm, Mexican authorities said.

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Mexican Congress Confirms Medina Mora as Ambassador to U.S.

January 9, 2013
Medina Mora announced the death toll has fell 25% in the first 3 months of 2009

Medina Mora

Bloomberg, 1/9/2013

Mexico’s Congress today confirmed Eduardo Medina Mora, the former attorney general and envoy to the U.K., as the nation’s next ambassador to the U.S. Medina Mora, who served as Mexico’s top legal official when President Enrique Pena Nieto’s predecessor, Felipe Calderon, started the nation’s war on drug cartels in 2006, will replace Arturo Sarukhan, whom Calderon sent to Washington.

Medina Mora is also a cousin of Manuel Medina-Mora, who was named a co-president of Citigroup Inc. this week and was previously head of Banamex, the lender’s Mexican unit. The selection of Medina Mora shows the importance of U.S. cooperation in turning the tide on Mexico’s war on drug cartels that resulted in more than 58,000 deaths under Calderon, said Jorge Chabat, a political science professor at the Mexico City-based Center for Economic Research and Teaching. Medina Mora will provide expertise on security without letting the U.S. control Mexico’s strategy, Chabat said.

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New Mexican Ambassador- Mexico Institute in the News

December 17, 2012

Reforma, 12/17/2012

Andrew Selee

Andrew Selee

This article is in Spanish.

Andrew Selee comments on the announcement of a new Mexican Ambassador to the U.S.

El Gobierno de Enrique Peña Nieto considera nombrar a Eduardo Medina Mora como Embajador de México en Estados Unidos.De acuerdo con fuentes diplomáticas, Medina Mora, ex Procurador General de la República y actualmente Embajador de México en Gran Bretaña, relevará en el cargo a Arturo Sarukhan. Para ser nombrado, Medina Mora tiene que ser ratificado por el Senado. Andrew Selee, director del Mexico Institute del Woodrow Wilson Center, con sede en Washington, afirmó que el perfil de Medina Mora es una mezcla interesante, al combinar experiencia en el sector privado, en cuestiones de seguridad y en la diplomacia.

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Mexico blasts Forbes for putting drug lord on list

March 12, 2009

Reuters, 3/12/2009

Medina Mora

Medina Mora

Mexico’s government condemned Forbes Magazine on Thursday for putting the country’s most wanted man, a violent drug lord, on its annual list of the world’s richest people.

Joaquin “Shorty” Guzman made the prestigious business magazine’s list for the first time on Wednesday, sharing the 701st spot at $1 billion in assets. The amount was based on his estimated share of drug shipments to the United States.

Attorney General Eduardo Medina Mora accused U.S.-based Forbes of coming to the defense of a criminal and said it was “deplorable” for the publication to compare Guzman with honest and law-abiding business people.

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Mexico “deeply” worried about deadly border city

March 4, 2009

Reuters, 3/4/2009

Medina Mora

Medina Mora

Mexico is deeply worried about an explosion of drug gang killings on its border with Texas, but its army is stronger than the cartels, Attorney General Eduardo Medina Mora told Reuters on Tuesday.

We think the Mexican state has much a greater power than any criminal group or any combination of criminal groups,” Medina Mora said.

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