Mexican President Enrique Pena Nieto said he’s confident Congress will end the state oil monopoly this year, opening the way for companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc to tap the nation’s reserves.
Mexico’s National Action Party supports a possible constitutional change to open the state- controlled oil industry to more private investment and will work with other parties to pass such legislation, according to the PAN’s top senator on the energy commission.
The probe into a blast that tore the face off a building at Petroleos Mexicanos’s Mexico City headquarters and killed at least 33 people continued, with authorities saying they still don’t know what happened.
The search for the cause of a blast that destroyed three floors of a building at Petroleos Mexicanos’s headquarters and killed at least 34 people entered a fourth day, as investigators toiled ahead of a self-imposed deadline for finding an answer.
Mexico’s peso headed for its second weekly advance as speculation grew that President Enrique Pena Nieto will persuade the nation’s lawmakers to rally behind his plans to boost growth and fiscal stability.
Petroleos Mexicanos is stepping up security at oil production facilities as authorities investigate a blast that killed at least 33 people at the state-owned company’s headquarters in Mexico City yesterday.
In recent days a coalition of Mexican advocacy groups has been protesting in front of Televisa, the country’s largest TV network, to contest the legitimacy of President-elect Enrique Pena Nieto’s July 1 victory.