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Mexican reforms break state monopoly of energy sector

The reforms were passed in December last year and will be crucial for the country's energy prospects

After more than 70 years of isolation, Mexico's energy business is opening to the world. Passed into law in December 2013, the package of reforms introduced by President Enrique Pena Nieto to break the state monopoly on the energy sector mark the most important moment for Mexico's energy business since the industry was nationalised in 1938.  It was a bold and risky move for Pena Nieto. Tinkering around the edges of the industry the deficiency of previous reform efforts - would have been the safer political bet. Oil nationalism runs deep in Mexico's body politic, and in many quarters the opening is seen as a betrayal. But Pena Nieto and the reformers recognised that righting the industry's p

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