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Energy overhaul to boost investment in Mexico

Thursday, December 12, 2013

The recently approved energy overhaul in Mexico will open doors to energy investments, but it will depend on secondary laws, according to business leaders.

General Electric will be able to expand its oil equipment production to supply both the demands of state-owned Pemex and other firms who would arrive to the country, said John Rice, General Electric vice chairman.

Armando Garza Sada, president of Grupo Alfa's administrative council, said there are great expectations in the shale gas sector, but it depends on a secondary law that would allow for the import of technical know-how from Texas.

Source (in Spanish): El Financiero