: New Report By Baker & Associates on Political Timetable of Project Fenix HOUSTON, June 7 /PRNewswire/ -- A new report by Baker & Associates, Energy Consultants, documents the efforts by the Fox administration to reverse a ten- year decline in Mexico's petrochemical industry and a history of false starts in attracting private capital. In 2002, Pemex began seeking private investors for a US$2.6 billion, million-ton ethylene complex. The Mexican chemical market, meanwhile, needs more than $10 billion of imports annually. Project Fenix features two innovations: Pemex would be a minority partner and the Oil Union would not have automatic...
