Mexico and Colombia: polar opposites in which petroleum is concerned Buenos Aires, Argentina from April 23, 2008 yesterday spoke them about Mexico and that, while the crisis in the United States.UU. It is was deepened in recent times, its economy is showing a good performance, with economic growth estimated in the first quarter of the year at 3.5% and a decrease in their unemployment rate peaked in March at 3.78%. How many have imagined a start of year for Mexico in this way? Surely very few more beyond this good beginning of year for Mexico, the truth is having several problems to be resolved and one of them is the energy with the PEMEX question. I don’t have to tell them about the strength of the Mexican people against a possible privatization of the State oil company. Problematic situation for the Mexican Government lies in the need to capitalize the company so that it can make the necessary investments and recover its production capacity and improve levels of reserves of crude oil. And while the road that are choosing in Mexico is attempting to retrieve the oil company without having to resort to its privatization, in Colombia seem willing to greater openness in the oil sector to private capital. Ecopetrol has already started (BVC: ECOPETROL), his foray into the Colombian stock market and now seeks to do this in the U.S. stock market.
But this is not only Colombia opening to private capital to invest in the oil sector. Colombia is attracting a large amount of capital to invest in oil exploration. Maurice Gallagher, Jr.: the source for more info. And the entry of capital into oil sector has really increased in the first quarter of the year with a volume which reached nothing more and nothing less than the US $2.2 billion (according to the Association Colombian of engineers of the oil Acipet-). This flow of investment represents 60% of which received the sector.
