The Push to Privatize PEMEX
Source: By Jessica Pupovac, In These Times, May 12, 2008
Deputies from Mexico's revolutionary Democratic Party (PrD) were protesting an initiative to privatize the state-run oil company Petroleos mexicanos (Pemex) on April 14.
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Halliburton is licking its chops at the prospect of Mexico's state-owned Petróleos Mexicanos going private.
Petróleos Mexicanos, or PEMEX, withstood a tsunami of privatizations of formerly state-owned companies in the late 1980s and '90s. But now, with pro-business President Felipe Calderón in office, the effort is being revisited -- and the Mexican left is coming out en masse to defend the 70-year-old company, a long-time source of national pride and a symbol of Mexican sovereignty.