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
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