Mexico Lawmakers Greenlight Landmark Oil Reforms

Law360, New York (December 12, 2013, 4:01 PM EST) -- Mexican lawmakers have approved a sweeping overhaul of the country’s nationalized oil industry, opening the door for foreign companies to develop oil and gas in the country for the first time in 75 years, according to Thursday media reports.

The lower house of Mexico’s Congress approved the historic and controversial reforms — a priority of Mexican President Enrique Pena Nieto — by a 354-134 vote, a day after the Mexican Senate signed off on the measures, The Wall Street Journal reported. A majority of the nation’s state...
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