To the Mexican economy, natural resources, specifically oil and gas, are vitally important; oil accounts for around 10% of the country’s total export earnings. The Latin American country has over 7 billion barrels of crude oil in reserves, with production of this particular natural resource currently exceeding 2.2 million BPD. As for gas, Mexico’s reserves stand at about 200 billion cubic meters, with production of this resource at 40 BCM.

Significantly in Mexico, in 2014, the country underwent widespread reforms in the energy sector, effectively dismantling the state’s monopoly. This has led to an influx of foreign direct investment and, although the government is still the authority in the issuance of licenses and creation of legislation and regulation, with market forces now steering the direction of the sector in Mexico, we can expect to see an increase in the production of natural resources in the county.

 

With this opening up of the energy sector has come the arrival of skilled industry professionals, improvements to national infrastructure, enhancements of international networks between companies and many more benefits which are not only positive for the business community, but also society, communities and the economy.

The proliferation of ground studies and mining companies beginning operations in Mexico promises to further develop the sector and economy, attracting investments, brining money into the country through taxation, increasing production of natural resources and initiating various social projects and initiatives for mutual growth.

 

With private companies now able to extract the country’s natural resources, CDMX Mining, along with other mining companies, is keen to both turn a profit and benefit the country’s economy and society.