Mexico opens energy sector to private investors

Global Business

For the first time in nearly eight decades, Mexican lawmakers have approved energy rules that would award lucrative oil contracts to private companies.

Since 1938, Mexico has had its own state-run oil company, Pemex. The new rules kick-off a new era.

Mexico opens energy sector to private investors

For the first time in nearly eight decades, Mexican lawmakers have approved energy rules that would award lucrative oil contracts to private companies. Since 1938, Mexico has had its own state-run oil company, Pemex. The new rules kick-off a new era.