Mexico's landmark energy bill nears final approval


  • World
  • Thursday, 12 Dec 2013

A demonstrator holds up a poster at the perimeter of the Congress building during a demonstration against the energy reform bill in Mexico City December 11, 2013. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - Mexico's Congress on Thursday was poised to complete approval of the biggest overhaul of its oil industry since nationalization 75 years ago, opening the door to investment by foreign oil companies in a bid to reverse falling output.

The energy bill is a cornerstone of an ambitious reform agenda spanning telecoms to bank lending that President Enrique Pena Nieto hopes will boost growth in Latin America's No. 2 economy, which for years has lagged regional peers.

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