Mexico eyes foreign investment as Senate approves energy reform bills – The Globe and Mail

The Mexican Congress is moving quickly to enact legislation that will drive massive reform in the country’s energy sector, and create both opportunities and challenges for Canadians producers and service providers in the industry.

The Senate this week passed four sweeping bills that overhaul the national oil company, Pemex, and the state-owned power company, CFE, and set up regulatory bodies that will oversee the first direct foreign investment in the country’s energy production and generation business since it was nationalized in the 1930s. The legislation will now go to the lower house, where the governing Institutional Revolutionary Party (PRI) will work with the conservative National Action Party (PAN) to approve it.

via Mexico eyes foreign investment as Senate approves energy reform bills – The Globe and Mail.

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