Mexican says oil overhaul won't include Pemex sale
BY Wire reports
Thursday, November 29, 2012
11/29/12 at 3:54 AM
Mexican President-elect Enrique Pena Nieto said Wednesday he wants some private investment in the country's energy industry without the sale of state-run companies such as Petroleos Mexicanos.
"I have publicly talked about Mexico's need to open ourselves up to the participation of the private sector in energy, but this doesn't mean privatizing state-run companies," Pena Nieto told reporters in Ottawa, Canada.
"I hope that this will happen with investments in Pemex, but we can't postpone the benefits that Mexicans deserve to get through energy development."
Pena Nieto said he will propose a law so "that without privatizing state-run companies it would be possible to have greater participation of the private sector in the development of infrastructure in order to develop our energy potential in Mexico."
Pena Nieto will overhaul the energy industry either through constitutional changes or by loosening oil regulations, Ildefonso Guajardo, a top economic adviser for Pena Nieto, said in an interview last month.
Pena Nieto has said private or foreign companies will be crucial to accelerate the growth in Mexico's energy industry.
Mexican President-elect Enrique Pena Nieto: "We can't postpone the benefits that Mexicans deserve to get through energy development."