VOICED : Oil firms brace for Mexico comeback

Foreign firms are set to re-enter Mexico's oil sector after 76 years due to a recent energy reform. This reform ends Pemex's monopoly, allowing foreign companies to sign profit-sharing contracts and drill for oil and gas. Major companies like Exxon Mobil and BP are interested but cautious, awaiting contract details. However, the reform faces opposition, with fears of Pemex privatization and budget cuts. Critics argue the fiscal framework is too generous to foreign firms, risking Mexico's oil income. Despite this, the reform aims to address Pemex's inefficiencies and production decline. Protests have erupted, with many Mexicans fearing the loss of Pemex, a national symbol.

What significant change occurred in Mexico's oil sector recently?

What is the president's goal for Mexico's energy sector?

What do major oil companies expect before entering the Mexican market?

What are the concerns of opponents regarding the energy reform?

How has Pemex's production changed from 2004 to today?