Greg Ahlgren, partner at Diaz, Reus & Targ LLP: “Pemex’s long-term challenges are multifaceted and subject to the tides of Mexican politics. Saving the state-owned oil company from a downgrade will require the confluence of several key focus areas. Many see farmout agreements with the private sector as the best hope for boosting productivity. Additionally, the injection of funds may improve Pemex’s liquidity situation, but other endemic problems persist, such as fuel theft.
