Mexico’s monopoly over its $95 billion per year oil industry is poised to end after senators from the nation’s two biggest political parties agreed to allow output sharing contracts and licenses for outside producers.
Senators from Mexico’s two biggest political parties proposed a bill to break the nation’s 75-year oil monopoly by amending the constitution to allow production sharing contracts and licenses for outside producers.
Tata Cleantech Capital Ltd. may fund as much as 25 billion rupees ($401 million) of renewable and energy-efficiency projects in India as costs for coal-based power prompt companies to turn to alternatives.
Mongolia is committed to resolving issues delaying expansion of the $6.6 billion Oyu Tolgoi copper and gold mine, the government said in a statement after a Rio Tinto Group unit failed to arrange funding for their joint project.
Kuwait is interested in investing in London real estate projects after focusing on completed properties for several years, Boris Johnson, the city’s mayor, said after meeting with members of the Kuwait Investment Authority.
Angola’s planned undersea cable to South America will cut data transmission times between stock markets in Brazil and Hong Kong and open a new route between Africa and the U.S., the head of state-owned Angola Cables said.