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Mexico cracks open the door with energy reforms

President Enrique Peña Nieto is hoping to transform the country’s energy sector

Mexico's president Enrique Peña Nieto has proposed historic reforms to his country’s energy sector aimed at luring new foreign investment and technology into the deep-water and shale fields that could reverse the declining industry’s fortunes. If passed, the package of reforms would herald the most dramatic change in the industry since it was nationalised in 1938.The most significant, and politically difficult, aspect of the reforms calls for rewriting articles 27 and 28 of Mexico’s constitution, which codify the state’s monopoly over the oil and gas industry. Peña Nieto wants to rewrite those articles to allow the government to award concessions for new projects to private companies.Althoug

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