The devaluation of the real has led to high fuel prices in the country and many consumers are choosing ethanol over gas.
Former Pemex advisor Luis Miguel Labardini looks at the underlying dynamics of downstream investment in Mexico, regulatory processes and a possible capital boost for federal oil company Pemex.
Not all are convinced, though, and critics call for greater action and transparency.
Resumption of operations at Paulínia Refinery (Replan)
Petrotrin exits oil refinery business to reinvent itself