Weekly Report - 09 January 2014 (WR-14-01)

MEXICO | Energy reform. President Enrique Peña Nieto promulgated the landmark constitutional reform to the energy sector, ending the 75-year monopoly of the state oil company Pemex, within hours of returning from a State visit to Turkey on 20 December. Peña Nieto delivered a speech in the national palace to assembled dignitaries and political leaders, hailing a “historic reform, fundamental for the future of Mexicans [because] it will start a new stage of development for the country”. He also thanked congress for its expeditious approval of what he described as “one of the most significant reforms in the last five decades”.

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