Latinnews Daily - 15 December 2003

The Chinese premier, Wen Jiabao, delighted privatisers in Mexico by explaining how China's oil industry has expanded thanks to decision to allow Chinese state oil companies to issue equity to foreigners when they take a share in projects. He was speaking at a meeting with senior officials at Mexico's state owned oil company Petróleos Mexicanos on Saturday. Arch-privatisers in Mexico want Pemex to be more open to foreign capital.