Renewables & Electricity. Baja California will connect to the main power system; Puebla and Querétaro will enjoy new solar plants; and CFE will issue the first Fibra E in February.


Natural Gas & Liquid Fuels. Refinery run rates hit rock bottom; regulations delay the Nueva Era pipeline; and Pemex’s BTX production fell and now facing shortages.


Oil & Gas Upstream. Shell and PC Carigali won Round 2.4; Round 3.2 will have fewer requirements; and a shale tender is due by the end of 2018.


Money & Power. Mexico's economy grew 2.1% in 2017; Fitch expects NAFTA to push the dollar up; and NAFTA negotiations may extend into 2019.



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