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No rush for Mexico's oil reform, says Exxon chief

Friday, April 19, 2013

It's only a matter of time before Mexico allows foreign producers to participate in developing its oil and gas reserves, Exxon Mobil chief executive Rex Tillerson told a Dallas audience.

March 18, 1938, the day Mexico nationalized its petroleum industry and kicked out foreign companies, might still be celebrated as a civic holiday, but there is "growing recognition change is needed," he said.

Tillerson made his comments in response to a question about Mexican President Enrique Peña Nieto.

Source: Star-Telegram