MEXICO CITY, Aug. 7 (UPI) -- Mexican legislators cleared the way to open the nation's energy sector, a move President Enrique Peña Nieto has said is necessary for economic reform.
Mexican lawmakers in a late Wednesday session put the final touches on legislation aimed at drawing international energy companies into the nation's energy sector. The move opens Mexico up to private investors after more than 70 years under a monopoly controlled by state-run Petroleos Mexicanos, or Pemex.