Showing posts with label President Enrique Peña Nieto. Show all posts
Showing posts with label President Enrique Peña Nieto. Show all posts

July 29, 2014

Mexico Closer to Opening Energy Sector

Reforms aimed at dissolving government control.

Legislators in the Mexican government signed off on most of the rules meant to open an oil and gas market controlled by a state monopoly.

The government of President Enrique Peña Nieto has proposed changes to the way the oil and natural gas sector is governed. The measures, if passed in their entirety, open a Mexican energy sector controlled by state-run Petroleos Mexicanos, known also as Pemex, since the 1930s.