Energy Reform: Advances Made in Mexico

Posted July 30, 2014 at 9:53am

Fuel Fix reports that “Mexico’s lower house on Tuesday approved a key component of legislation to end the government monopoly on the country’s energy sector after more than 75 years and to open the industry to foreign and private investment.”  

“The bills codify last year’s amendments to the Mexican constitution that reverse the tight control of the nation’s oil and gas reserves by state-owned Petróleos Mexicanos, or Pemex.”  

“The newly approved package of about 30 bills will require another vote by the Senate, which approved a version of the legislation last week. Final approval is expected by early August.”