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Mexico's oil sector, after years of discussion and planning, has finally opened to the private sector. Mexican companies other than Pemex are also now participating in all parts of the oil and gas chain in the country. Rightfully, there is a degree of excitement in Mexico that is perhaps absent in other parts of the world given the collapse in oil prices. But this doesn't mean that the country is not hurt by falling prices. Moreover, numerous other challenges remain. But this is a time of optimism, in general, as the report highlights.
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