Mexico's draft energy reform spans profit-sharing to licenses

Mexico's draft energy reform spans profit-sharing to licenses
 

Approval of the bill would mark the end of the decades-long oil and gas monopoly held by state-run Pemex PEMX.UL, which is struggling to reverse a sharp slide in oil output due to years of chronic under-investment.
The bill, which would keep ownership of crude in state hands, is at the centre of an economic reform drive that President Enrique Pena Nieto hopes will boost long-lagging growth in Latin America's second-largest economy.
The reform would allow private investors to drill for the country's oil and stops short of full-blown concessions that oil majors had been hoping for.
But it is... read more

 
8 December 2013 in Business, Views: 37
Source: Reuters
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28