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2014-08-13 18:10:00

MEXICO: CHANGE THE PARADIGM

MEXICO: CHANGE THE PARADIGM

President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies.

Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself. Pena Nieto said those set-asides will also be made public Wednesday.

The president also promised to start putting in place regulatory and oversight…

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Tags: MEXICO, OIL, GAS, PEMEX

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MEXICO: CHANGE THE PARADIGM
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