The government argues the historic shift will lower prices and boost output. But many Mexicans associate privatization with cronyism and declines in services.
Analysts say Pemex – which has long been a symbol of national sovereignty – needs tens of billions of dollars in private investment to stay competitive.
In Mexico City, a powerful explosion rocked the headquarters of state oil giant Pemex, killing at least 25 and injuring 100 others.
The history of Goldman Sachs and its rise from Manhattan basement to ‘global juggernaut.’