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The energy reform bill from 2013 was a key legislative achievement of the outgoing Mexican government. Yet many of the benefits are expected to materialize during the next administration as the economic impacts of investment in infrastructure and increased competition start making themselves felt.
Meanwhile, two key indicators for the energy reform's success among the general populace have lagged behind: gasoline prices and crude production. This has left the government with few crowd pleasers as the July 1 presidential and legislative elections loom.
The signing of 16 contracts from offshore licensing round 3.1 counts as another success. In this regard, the minister praised the work of the states of Tamaulipas, Sinaloa and San Luis Potosi on his Twitter account.