Associated Press
MEXICO CITY — Mexico’s Congress voted Thursday to open the country’s moribund state-run oil industry to foreign and domestic investors, casting aside nationalist opposition to approve the most dramatic energy reform in seven decades.
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“We are going to be able to develop services and competencies in dealing with energy that are transferrable from one country to another, “ Thomas Donohue, president of the U.S. Chamber of Commerce, told The Associated Press. “They all have some differences in commodities and have their own regulatory systems, but all of it will be in the context of a lot oil, a lot of gas, a lot of coal and a fundamental ability to attract manufacturing, to improve supply chain and to drive the creation of jobs and economic growth.”
Read the full article at The Washington Post.