Mexico 's newly elected President Andres vice Lopez Obrador is aiming to make the country economically independent by rehabilitating its six oil reserves and creating a new one in Tabasco state . His energy reform plan aims to reduce oil imports and lower its prices , as well as save the state oil company Pemex by nationalizing it . In addition , he plans to modernize the state power utility CFE and focus more resources on Mexican hydropower , as well as develop wind , solar and geothermal power .
Mexico's newly elected President Andres Manuel Lopez Obrador is planning to make the country energy independent by rehabilitating its six oil refineries and operating a new one in Tabasco state. His energy reform plan aims to end gasoline imports and lower its prices, as well as save the state oil company Pemex by nationalizing it. In addition, he plans to modernize the state power utility CFE and focus more resources on Mexican hydropower, as well as develop wind, solar and geothermal power.