Mitsui targets Mexico for energy investment

Mitsui & Co — one of Japan’s biggest energy investors — is looking to Mexico.Yasuhiro Uchida, a general manager of oil and gas development at Mitsui, told the Wall Street Journal that “Mexico has good prospects, large energy reserves, easy access to almost anywhere in the world and free trade agreements with major economies. It also has a young population that will boost growth in the future.”He said Mitsui is looking at onshore shale reserves near the Texan border with Mexico and deep-water reserves in the Gulf of Mexico.For the first time in 75 years, Mexico will allow foreign investment in energy assets after a 10-year decline in output.Mitsui would be open to ventures with state-owned Petróleos Mexicanos, or Pemex, Uchida said.

via Mitsui targets Mexico for energy investment | Petro Global News.

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