OPINION: The Mexican government’s decision to effectively force state-owned oil company Pemex to prioritise self-sufficiency to the extent that crude exports could disappear by 2024 could have serious repercussions for the country in the long term.

The move to give Pemex an overreaching role in the downstream sector, coupled with actions to restore the monopoly of state-controlled electricity player CFE, is part of Mexican President Andres Manuel Lopez Obrador’s grand plan to reverse the 2013 energy reform that opened the country’s oil sector to investment.