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Tuesday, August 05, 2008

Mexico’s Calderon closer to energy reform deal.

Reuters UK, August 5, 2008 - “President Felipe Calderon is closing in on an energy reform that could give a shot in the arm to Mexico’s struggling oil industry, but it is not clear if oil majors will be lured into crucial deep-water projects. It is Calderon’s most ambitious economic reform attempt yet but the left-wing opposition and many ordinary Mexicans are wary of private involvement in the cherished oil sector, which has been in state hands since 1938. Calderon, a conservative, lacks a majority in Congress but a centrist opposition party expects to reach a deal with the government in the coming weeks to approve a reform.” Read more.

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