Mexico’s hedging programme gears up for 2012

Gerardo Rodriguez, deputy finance minister

Mexico, the only major oil exporter to make public its hedging programme, is about to start the process of designing its 2012 strategy.

The exact price at which to hedge for fiscal year 2012 will be chosen by Congress through a debate beginning on September 8, when the Ministry of Finance submits its economic package, continuing until the revenue side of the economic package is determined by both chambers of Congress.

"By the end of October, we will have a final price for next year," says Gerard