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Mexico: Energy Sector Reform Hangs in the Balance

Energy Sector Reform Hangs in the Balance

12:40 PM MDT | October 20, 2008 | Kara Sissell

Dwindling output from state-owned oil and petrochemical facilities has prompted the administration of Mexican president Felipe Calderón to propose widespread reform of the country’s energy sector. An overhaul of state oil company Petróleos Mexicanos (Pemex; Mexico City)—including its fiscal administration and the rules for collaborating with private investors—must be implemented to stem the decline in revenues that are the main source of government income, Calderón says. The proposal, currently the subject of debate in...

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