International oil companies are reluctant to partner with Pemex because they still aren’t allowed to own the oil or book the reserves, according to Baker. [I find it a bid odd that oil companies care a lot about the project accounting per se as opposed to how much money they will actually make from a project.]
i suspect the 'reluctance' has to do with the accounting requirements in the home country and for credit/bond issuing advantages. just a guess.
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