Mexico’s landmark constitutional energy reforms, enacted in December 2013, were lauded as the start of a new era for private investment in Mexico. Nearly five months in, how has the government fared in implementing these reforms? Here are the 5 things you need to know.
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Energy
Mexico To Vote On Historic Amendment To Open Oil Industry To Private Investment
By Sheppard Mullin on
Posted in Energy
The Mexican Senate has introduced a constitutional amendment that, if approved, would open the country’s oil market to foreign and private investors. Currently, oil production is controlled exclusively by the state-owned Petroleos Mexicanos (Pemex). The amendment, however, would encourage private and foreign investment by allowing companies to partner with Pemex through the use of production and profit-sharing contracts and licenses, among other things.
Continue Reading Mexico To Vote On Historic Amendment To Open Oil Industry To Private Investment