Note to Mobile/Exxon stockholders…
… don’t start drooling over the prospect of PEMEX being open to foreign investments. With the continued push by the Calderón administration to open Mexican oil production to foreigners, the assumption in the U.S. press is that somehow this means more business for OUR oil giants. There are other players, much more likely to work with a national oil company.
TEHRAN, Jan. 20 (MNA) – There is a fertile ground for more cooperation between the Islamic Republic and Mexico, Iran’s First Deputy Foreign Minister Alireza Sheikh-Attar said in a meeting with his Mexican counterpart Lourdes Aranda on Sunday in Mexico.
Iran and Mexico plan to hold the third joint economic committee meeting in Tehran.
Sheikh-Attar said the meeting will be an important step in fueling the economic cooperation between the two countries, the Foreign Ministry press department said in a press release.
Extending ties with Latin American states is a foreign policy priority for Iran, he pointed out.
Aranda said that the two countries can cooperate in various fields and called for sharing Iran’s experiences in oil sector.
mexfiles.net 
Check out the entry in wikipedia about Pemex.
http://en.wikipedia.org/wiki/Pemex
They don’t seem to have that great a reputaion. Suspicions of coruption and skimming.
It’s hard for me to say whether some sort of privatization would be good or bad. It might help eliminate some of the Mexican corruption, and then again, it would bring in a whole new group to help skim profits/assets away from the Mexican people.
Pemex, IMHO, desperately needs technical and financial assistance from those best placed to give it – be they American, Dutch, British, Russian oe even (gulp!) Iranian.
I would put my money on Petrobras or the Chavezites getting in on the action. Whomever, I just hope they put some $$ aside to clean up the semi-permanent crude spills in Altamira.
Is there a blue moon? We’re in agreement on this, Eddie! My point, and one I’ve made several times, is that U.S, readers (and that’s most of the MexFile’s readers) are led to believe that corporate oil companies are the ONLY alternative. Cash and technical upgrades are more likely to come from a large state oil company than from a corporate one. Petrobras and the Chavezites (it sounds like a sixties girl-group) are a pretty good guess, and probably more likely than the Iranians — though I can see the advantage to the Iranians in finding a market for their expertise, the howls from Washington right now might “persuade” the Mexicans to look elsewhere… or not.
What “expertise” do the Iranians bring? (That is a real question, not sarcasm.) Aren’t the Iranians like the Saudis, they basically contract out to European/American firms to do the actual engineering?
What Pemex needs is experience with deep water oil wells in the gulf, and no one has as much experience doing that as US firms.
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