Onlooker

Can Mexico's Pemex Be More Like Brazil's Petrobras?

I am not sure the question is whether Pemex should be more like PDVSA or Petrobras. Either would be better than what Pemex is today. While Chavez may be seeking better terms, he is still open to partnering with foreign players, unlike Pemex. Also, countries such as the UK, the US, Canada and other OECD countries have been increasing government take, so changes to contract terms is not exclusive to such regimes.