National: Approval of energy reform

Senadores contrarios a la reforma. Foto @EFE

Following a 20-hour session, the Mexican Senate has approved the polemical energy reform which would allow for national and foreign private corporations to invest in the hydrocarbon industry.

The 95 votes in favor from representatives of the Institutional Revolutionary Party (PRI) joined with those from the Green Party and the National Action Party (PAN) to oppose the 28 in opposition coming from representatives of the Party for Democratic Revolution (PRD), the Labor Party (PT), the Citizens’ Movement, and two PAN senators.

Functions reserved to date for the State such as exploration and exploitation of petroleum, its industrialization, and the generation of electricity will now be opened to private capital, given the approval of the reform.

Though the administration of Enrique Peña Nieto affirms that petroleum will continue to be the property of the nation, Senator Luis Sánchez Jiménez (PRD) noted that “the contract license is the same as a concession.  Property of petroleum has been ceded.”

Following the approval of the reform, hundreds of protestors amassed outside the Senate to express their opposition to the handing-over of the natural resources to international capital, as they claimed.

For more information (in Spanish):

México abre el petróleo a la inversión privada y extranjera (El País, 11 de diciembre de 2013)

Aprueba Senado reforma energética en lo general, con 95 votos a favor y 28 en contra (Proceso, 11 de diciembre de 2013)

Mineras extranjeras podrían entrar a la explotación de petróleo y gas (La Jornada, 11 de diciembre de 2013)

Los 25 puntos finos de la Reforma Energética (Excelsior, 11 de diciembre de 2013)

Siguen protestas en México contra Reforma Energética (Telesur, 11 de diciembre de 2013)

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