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Mexico's upcoming government to reform oil laws

Thursday, October 4, 2012


Mexico's new government plans to pass energy-sector legislation early in the new year that should help boost the country's petroleum production and fuel its growth prospects, said Luis Videgaray, head of the president-elect's transition team.

The energy legislation is part of a broad-ranging strategy that Mexico's next president Enrique Pena Nieto plans to roll-out when he takes office in December.

Aside from energy, Videgaray said other top economic priorities for the new administration include improving education quality and participation and trying to loosen the grip that a handful of companies have on some sectors, including telecommunications.

Source: Wall Street Journal