Mexico Opens Energy Sector to Private Investors
By Juan Montes, The Wall Street Journal
“Mexican lawmakers late Wednesday completed an historic opening of the country's energy sector to private investors after 76 years of state monopoly, in a move with far-reaching implications for the sector and the country's economy.
“Completion of the overhaul is a political victory for President Enrique Peña Nieto, who made it the cornerstone of a reformist agenda intended to improve Mexico's competitiveness and stimulate economic growth. The victory seemed unthinkable to many when he took office in December 2012. Over the past quarter century, every Mexican president had tried but failed to secure political support to diminish the state energy monopoly."