The Incoming Sea Change In Mexican Energy Politics
November 4, 2013, 1:06 PM EST
Law360, New York (November 4, 2013, 1:06 PM EST) -- In what amounts to a sea change in Mexican energy politics, each of a parliamentary group of Partido Acción Nacional (PAN) and the President of Mexico Enrique Peña Nieto is sponsoring its own bill to amend the Mexican Constitution to permit, for the first time in generations, the participation of private capital in Mexico's upstream oil and gas business.
Article 27 of the Mexican Constitution and its regulation effectively ban "risk contracts" in the form of concessions, production-sharing agreements and risk-service contracts and reserves all exploration...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.