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Mexico: new president could open the door to foreign investment

After winning the presidential election by the narrowest margin in Mexican history and enduring two months of public protests and legal challenges, conservative candidate Felipe Calderón has officially been declared the successor to Mexico's leader, Vicente Fox, Anne Feltus reports. That is good news for energy companies that have experience operating in deep waters around the globe. Like Fox, Calderón recognises that the country's energy future depends on its ability to exploit its deep-water oil and gas potential and that the national oil company is not up to the task. Oil income accounts for more than 40% of federal revenues and for years that income has come primarily from the giant Ca

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