Much has been made of the recent announcement that Mexico is seeking to update its oil laws, allowing foreign companies a role in the industry for the first time in decades. How serious investors should take the news depends largely on how the political process plays out in Mexico.The reforms unveiled by President Peña Nieto won’t offer full concessions (which is the preference for oil and gas companies), but will instead offer profit-sharing arrangements, that allow oil companies to receive the cash equivalent of the oil they help…
via OilPrice.com Daily News Update http://oilprice.com/Geopolitics/South-America/Risks-Abound-in-Mexicos-New-Oil-Laws.html
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