A Done Deal: Mexican President Signs Landmark Energy Legislation Into Law Noe Torres, David Alire Garcia and Adriana Barrera - Reuters
go to original August 11, 2014

Mexican President Enrique Pena Nieto (Nampa/Xinhua)

MEXICO CITY - Mexican President Enrique Pena Nieto signed into law on Monday a package of laws setting out the fine print of a landmark energy reform that promises to lure billions of dollars in investment to the country's ailing oil, gas and electricity sectors.

Pena Nieto has made the energy overhaul the top economic priority of his administration, which aims to boost slumping growth in the world's 15th biggest economy.

He said at a ceremony at the national palace that the energy ministry will announce two next steps in the reform later this week. A so-called Round Zero allocation of oil and gas fields that Pemex will keep is to be unveiled on Wednesday.

The energy ministry will also announce which fields will later be put up for grabs for foreign and private oil companies in the first round of public tenders, expected to take place next year.

Read the rest at Reuters

Related: Oil Firms Brace for Mexico Comeback

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!