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| Reforms could be start of the long path to the IPO of Pemex. Source: Pemex. Photo: José Luis Luna |
For the first time in 76 years, Mexico’s oil and gas industries are being opened up to private companies, thanks to the government’s energy reforms. President Enrique Peña Nieto signed the new energy law – the standout legislation of a plethora of far-reaching, systemic reforms from the 20-month old administration – on August 11.
Far beyond the reform of the financial sector, telecommunications and education, it is the most important (and probably the most politically sensitive and difficult to implement) step towards achieving the president’s vision for Mexico.
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