Mexico's president says he will enact energy reform soon


  • World
  • Tuesday, 17 Dec 2013

Demonstrators yell behind police officers during a protest against an energy reform and subway fare hike at Reforma Avenue in Mexico City December 14, 2013. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - President Enrique Pena Nieto said on Monday he would soon enact a sweeping overhaul of Mexico's ailing energy sector which is aimed at boosting growth in Latin America's No. 2 economy.

The reform, which changes the constitution to allow private companies to operate independently or partner with state oil giant Pemex via new types of contracts, won approval from a majority of Mexican states on Sunday, after a tense debate in Congress.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In World

Southern African countries launch 5.5-bln-USD appeal for El Nino crisis
Exclusive-Western aid to Ukraine too slow, risks from U.S. election limited, Zelenskiy says
China-California Business Forum held in LA to boost economic cooperation
Zimbabwe to increase gold production following adoption of gold-backed currency
ANC support grows in weeks before South African election, poll shows
Zambian president calls for joint efforts to tackle drought affecting southern Africa
Explainer-The foiled coup in DR Congo: Here's what to know
Nigerian judge denies separatist leader Kanu bail for the second time
Wikileaks' Julian Assange given permission to appeal against U.S. extradition
Dominican Republic's president-elect Abinader takes tough stand on graft, Haiti

Others Also Read