Since taking office in late 2018, Mexico's leftist President Andres Manuel Lopez Obrador has sought to revive struggling national oil company Pemex via increased budgetary funding and an aggressive drilling campaign. Yet more than a year into Lopez Obrador's administration, his plan to rebuild Pemex seems to be failing, with incoherent policymaking and an economic slowdown hampering the firm's ability to operate. Even more worryingly, Lopez Obrador — who loudly portrays himself as an ardent corruption-fighter — has seemed happy to accept shady dealings from his own management appointees at Pemex, undermining the firm's governance standards and further weakening Mexico's already-tenuous rule of law.
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