What are the opportunities for private-sector investment in the oil and gas sector? Experts discussed the key issues to make the country more competitive. ... Play Video
Ali Moshiri, President of Africa and Latin America Exploration and Production Company, Chevron
Juan Ignacio Rubiolo, President and CEO, AES Mexico
Ernesto Marcos, Founding Partner, Marcos y Asociados (moderator)
What are the challenges for Pemex under budget adjustments and declining oil prices? What are the opportunities for Pemex and the private sector in the fourth phase of Round One of Mexico's energy auction? At the 2016 Latin American Cities Conference in Mexico City, panelists discussed the next steps for Mexico to seize opportunities and become more competitive in the energy sector in the near future.
Venezuela has shown a "surreal" willingness to pay, said Greylock's Diego Ferro, but it will run out of money and inevitably default. On the other hand, the country's medium-term forecast is not so bleak, given that oil prices are expected to rise, said Martin Schubert of European InterAmerican Finance. The experts compared Venezuela's situation to Argentina's past defaults, considered the implications of a regime change, and debated the risks of buying or selling bonds for Venezuela's state-owned oil company.