Squaric Acid Dyestuff Intermediate 1-Methylamino-2-Methoxycyclobutenedione,CAS NO. 63649-29-6,Molecular formula: C6H7NO3,CAS No. 5222-73-1,Molecular formula: C6H6O4 Chemtarget Technologies Co., Ltd. , https://www.dgtbcb.com
Mexican President Felipe Calderón submitted an energy reform proposal to the Senate on April 8th, aiming to revitalize Mexico’s struggling oil sector. The plan seeks to grant greater autonomy to the state-owned Pemex, while also encouraging collaboration with foreign and private companies to reverse the country’s declining crude oil production.
In a televised address on the same day, Calderón emphasized that the reform would provide Pemex with much-needed technology and investment to boost deepwater oil extraction in the Gulf of Mexico, as well as accelerate the development of new refineries. Despite these changes, he reiterated that the government has no intention of privatizing the oil industry, ensuring that national control remains intact.
Additionally, Calderón proposed that Pemex issue "citizen bonds" — a form of public financing that would allow every Mexican citizen to invest in the company, thereby creating a new source of funding. This initiative is expected to strengthen Pemex’s financial position and support long-term energy security.
The Gulf of Mexico is one of the world's most significant oil and gas regions, known for its extensive reserves and active offshore exploration. Since the nationalization of the oil industry in 1938, Mexico’s constitution had strictly prohibited private or foreign involvement in oil and gas operations. However, with declining production, limited technological capabilities for deepwater drilling, and insufficient refining capacity, the government announced on March 30 that it would open the door to partnerships with international and private firms.
This shift marks a major policy change, aimed at modernizing Mexico’s energy infrastructure and securing its position as a key player in global oil markets. The reforms are seen as essential for maintaining economic stability and meeting the country’s growing energy demands.