IHS Chemical Week

Mexico passes energy reform

11:40 AM MDT | August 12, 2014

The president of Mexico, Enrique Peña Nieto, has signed the country's energy reform bill into law, the president's office says. The law preserves and guarantees state ownership of Petróleos Mexicanos (Pemex; Mexico City) and the Comisión Federal Energética (Mexico City), as well as of hydrocarbon resources and oil revenues. Mexico's petrochemical industry is set to benefit from access to more competitively priced energy and feedstocks in the medium and long terms. The president has announced 10 short-term measures aimed at setting the reform in motion. These...

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