Tags: constitution | Mexico | oil | reform

Mexico Proposes Private Firms in Oil Industry

Monday, 12 Aug 2013 12:47 PM

Mexican President Enrique Pena Nieto is proposing the end of a decades-old ban on private companies in the state-run oil industry, a cornerstone of Mexico's national pride.

The reform that the ruling party outlined proposes risk-sharing with private companies, a measure long prohibited by the country's constitution.

Mexico's largest leftist party says it won't support constitutional changes, but the ruling Institutional Revolutionary Party and conservative National Action Party have enough votes to secure the needed two-thirds Senate majority to pass the reforms. They also could do the same with a small party's support in the Chamber of Deputies.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Markets
Mexican President Enrique Pena Nieto is proposing the end of a decades-old ban on private companies in the state-run oil industry, a cornerstone of Mexico's national pride.
constitution,Mexico,oil,reform
98
2013-47-12
Monday, 12 Aug 2013 12:47 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved