Mexico Oil and Gas Upstream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Mexico oil and gas upstream market is expected to grow at a CAGR of more than 1% during the forecast period. Sustained growth in the consumption of natural gas, petroleum, petrochemical products, foreign investments, and modern developments of oil and gas exploration and production activities are the major drivers for the oil and gas upstream sector in Mexico. However, the high volatility of oil prices is expected to hinder the market growth during the forecast period.
Key HighlightsMexico oil and gas upstream market is moderately consolidated. Some of the key players in this market include Chevron Corporation, Royal Dutch Shell Plc, Total SA, Repsol SA, and Premier Oil PLC.
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