Bloomberg Businessweek

AMLO’s Plan for Energy

The new president wants to wean Mexico off gasoline imports within six years
The site of the Dos Bocas refinery complex

In the tropical heat of southeastern Mexico, bulldozers prep a construction site for a massive crude refinery on the outskirts of Paraiso, an impoverished oil town that’s never lived up to its name. The 160 billion peso ($8.2 billion) Dos Bocas project is central to President Andrés Manuel López Obrador’s goal of setting Mexico on a course to energy independence. “In three years we will be producing the gasoline that we consume in the country,” López Obrador, known as AMLO, told reporters during a Dec. 9 visit

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek4 min readPolitics
Advantage, Putin
The day after he decided to shift U.S. troops out of the path of the Turkish military incursion in Syria, President Donald Trump took to his usual platform to defend his actions. “The two most unhappy countries at this move are Russia & China,” he sa
Bloomberg Businessweek6 min read
The New Zermatt
Backed by Egyptian billionaire Samih Sawiris, Switzerland’s Andermatt is a new skiers’ paradise that’s been around for years.
Bloomberg Businessweek2 min read
Icy Hot
THE DOLOMITES, ITALY The rooms at Adler Lodge Ritten were modeled after rural Alpine dwellings, but these come with private saunas and balconies that overlook the majestic Rosengarten and the Latemar mountains. Nestled a short cable-car ride from the