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Mexico's president signs law to reform energy market, attract investment
Source: Reuters
Mexico's president signs law to reform energy market, attract investment
MEXICO CITY Fri Dec 20, 2013 4:23pm EST
(Reuters) - Mexican President Enrique Pena Nieto on Friday signed into law a radical reform of the country's energy market, ending a 75-year oil and gas monopoly in the hope of attracting major investments to increase production.
"This is a transformational reform ... that will allow the country to produce more energy at lower costs," Pena Nieto said at the signing ceremony flanked by lawmakers at the national palace.
The overhaul of three articles of Mexico's constitution passed the Congress last week and over the weekend was approved by a majority of the country's state legislatures.
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MEXICO CITY Fri Dec 20, 2013 4:23pm EST
(Reuters) - Mexican President Enrique Pena Nieto on Friday signed into law a radical reform of the country's energy market, ending a 75-year oil and gas monopoly in the hope of attracting major investments to increase production.
"This is a transformational reform ... that will allow the country to produce more energy at lower costs," Pena Nieto said at the signing ceremony flanked by lawmakers at the national palace.
The overhaul of three articles of Mexico's constitution passed the Congress last week and over the weekend was approved by a majority of the country's state legislatures.
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Read more: http://www.reuters.com/article/2013/12/20/us-mexico-reforms-idUSBRE9BJ19820131220