Mexican Parties Agree to Break Pemex Refining Monopoly

From Fuel Fix

Mexican President Enrique Pena Nieto and leaders of the nation’s three largest parties agreed to work toward allowing competition for some of Petroleos Mexicanos’s operations and revise mining royalties.

Mexico will make “the necessary reforms to create a competitive environment in the economic processes of refining, petrochemical, and transportation of hydrocarbons,” according to a document signed by the new president and the heads of Mexico’s three largest political parties.

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