VOICED : Mexico avanza en apertura sector hidrocarburos

The Mexican Senate has advanced the approval of regulations to open the nationalized hydrocarbons sector, with six general rulings passed. If unchanged, this completes the legislative process of the Energy Reform, a key project of Enrique Peña Nieto. The new regulations will allow private, both national and foreign, competition in the hydrocarbons sector, crucial for Mexico's public finances, and in the electricity industry. The government claims this will attract significant investments and new technologies, boosting oil production and modernizing Pemex while reducing fiscal burdens. However, opponents fear it could lead to privatization of much of Mexico's oil revenue, affecting a nation where half the population lives in poverty.

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