Italy's Letta sees opportunities in Mexico's energy reform


  • World
  • Tuesday, 14 Jan 2014

Italian Prime Minister Enrico Letta (L) shakes hands with Mexican President Enrique Pena Nieto after signing bilateral agreements at the National Palace in Mexico City January 13, 2014. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - Italian Prime Minister Enrico Letta said on Monday he sees opportunities for Italian firms to invest in Mexico's energy sector thanks to a government opening of the ailing, long-shuttered industry.

Mexican President Enrique Pena Nieto last month signed a bill into law that ended the country's 75-year-old oil and gas monopoly. Under the new legislation, which is still being definitively mapped out, foreign companies will be able to enter the sector, bringing expertise and efficiency to state oil monopoly Pemex.

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