Last week Mexico's ambassador to Spain took some first steps toward signing a peace agreement with Repsol. Enrique Peña Nieto will come to Spain next June in order to try and forge an alliance with companies here.
Pemex needs partners so that it can mine oil resources and, most important, technological "know how" that Spanish companies have. If Peña can build a relationship out of his visit with Rajoy, the connection will benefit both nations and oil companies that want to expand their businesses. Ultimately, the deal needs to consider whether Mexico is an attractive investment.
