Mexico embarks on an ‘historic’ reform of its oil industry

Mexico's President Enrique Pena Nieto is facing a historic opportunity (photo:dpa)
Mexico's President Enrique Pena Nieto is facing a historic opportunity (photo:dpa)

Mexico made its mark by being the first country to nationalise its oil industry. Seventy five years later it has made its mark by becoming one of the last to open its doors to foreign companies. Whether the reforms will succeed in attracting the desirable level of investment will depend on the details of the terms the Mexican government will offer. The international community – investors, consumers and other oil producing countries - are all watching closely.

<i>MEXICO has embarked on a major energy reform. The reform requires a modification of the constitution which, for 75 years, prohibited private investment in the oil sector. The new reform ends the monopoly of the state oil...

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