This Client Alert has the purpose of briefly analyzing the key provisions of the Hydrocarbons Act (the “Act” or the “HA”) and the Hydrocarbon Revenues Act (the “HRA” or, together with the HA, the “Hydrocarbon Reform”).
Scope of the Hydrocarbon Reform -
The Constitutional Reform substantially modified the structure of the hydrocarbon industry in Mexico. Prior to this reform, the primary activities of the hydrocarbon industry were considered to be exclusively State activities and were, for the most part, exercised through the state-affiliated entity Petróleos Mexicanos and its subsidiary entities (“Pemex”)...
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