Mex. Voters Oppose Bigger Role For Foreign Oil Cos.

Law360, New York (July 29, 2008, 12:00 AM EDT) -- Voters in Mexico City on Sunday overwhelmingly opposed a government plan to strengthen the state-owned oil company and to allow more private and foreign participation in the country.

In a nonbinding referendum organized by the opposition Democratic Revolution Party, or PRD as it's known using its Spanish initials, 87% of voters said they were opposed to private businesses participating in the “exploitation, transport, distribution, storage or refining of petroleum.”

In the referendum's other question, 84% of voters said they were opposed to initiatives put forth by...
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