MEXICO CITY (Reuters) - Mexican Senate committees on Monday gave general approval to a draft energy bill allowing private investment in the world's No. 10 oil producer in what would be the biggest opening of the state-controlled sector in its 75-year history.
The bill, unveiled by senators from the ruling Institutional Revolutionary Party (PRI) and opposition conservatives on Saturday, would let private firms partner with ailing state oil firm Pemex via profit-sharing, risk-sharing and service contracts as well as licenses.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
