Mexico's first upstream offering since the oil sector was nationalized in 1938 did not meet expectations, leading many to declare it a failure. The government's complex tender process is partly to blame for the award of only two out of 14 blocks, but it was structured to shield President Enrique Pena Nieto's government from accusations that it was selling Mexico's resources too cheaply. So far, there has been almost no nationalist backlash to the 2013 constitutional reform, raising questions about why the expected fierce opposition to the opening has not materialized.
展开▼
