As the world “drowns in oil,” it’s fight or flight for Mexico’s oil sector
Credit: shutterstock.com/Anton Watman
Mexican state-owned oil giant Pemex dominates its nation’s oil industry, but it’s also the world’s most indebted company. The global oil crisis, in part triggered by the covid-19 pandemic, spells disaster for the government’s controversial plans for the industry, but more private sector involvement could be the silver lining to come.
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