Alasdair Baverstock

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AMLO "rescued" state oil company Pemex from collapse

Pemex is Mexico's state-owned oil company. For 75 years, it held a monopoly over crude oil and petrol in the country. 

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In 2013, the Mexican congress approved energy reforms that opened the sector up to private business. 

For Mexico's new president, the policy changes haven't lived up to expectations.