TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Mexico signs landmark energy law

Daily Photo Galleries

By The Los Angeles Times
Monday, Aug. 11, 2014, 7:06 p.m.
 

MEXICO CITY — President Enrique Pena Nieto on Monday signed into law Mexico's landmark energy reform legislation and announced that his government could name as early as this week the first oil and gas fields that will be opened up to foreign investors.

“It is the moment to put the energy reform into action,” Pena Nieto said in an elaborate signing ceremony at the National Palace.

He said details will be released on Wednesday on the areas of oil and gas production and exploration that will remain under the purview of the state energy monopoly Petroleos Mexicanos, or Pemex. Then, areas where Pemex can form partnerships with outside companies will be designated.

Officials hope to attract billions of dollars in outside money and bring in the expertise and technology to reverse the country's declining oil production.

 

 
 


Show commenting policy

Most-Read World

  1. U.S. airstrikes beat back Islamic State’s push for Mosul dam
  2. Gunman in Ottawa attack had been waiting for passport to go to Syria
  3. Teen girls found no roadblock to flights
  4. Deadly crash into train station prompts crackdown in Jerusalem
  5. Canadians more fearful, aware after ‘very rare’ attack in Ottawa
  6. U.S. losing drug war in Afghanistan despite $7.6B eradication effort, inspector general reports
  7. China’s Communist Party angles to improve judiciary
  8. Saudis tell women: Don’t defy and drive
  9. Abbas seems desperate in round of belligerent rhetoric
  10. Libyan troops seek to retake Benghazi
  11. Iraqi Kurds to send fighters to aid Kobani
Subscribe today! Click here for our subscription offers.