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Mexico Outlines Oil, Gas Reforms

The Financial Times reports that “Just as investors began to develop the jitters over delays to Mexico’s sweeping reform plans, the government set out its legislative blueprint on Wednesday for opening up the oil and gas sector to private investment for the first time in 76 years.”  

“The package of 21 laws, drafted after extensive consultations with the conservative National Action party (PAN), implements amendments to the constitution agreed last year and is expected to sail through Congress – unlike reforms to the telecommunications sector and electoral processes, which have hit snags.”