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Mexico unveils proposed rules for opening of energy sector

The administration of Mexican President Enrique Pena Nieto unveiled proposed rules Wednesday for a historic opening of the country’s energy sector, ending seven decades of state monopoly and paving the way for billions of dollars in investment by foreign companies.
The so-called secondary rules, needed to set regulations for the implementation of the reform passed last December, call for flexible contract terms for private companies and would give Mexican suppliers preference if they can match terms offered by foreign companies. But few details of the proposed rules were released.
For U.S. investors, the more details that can be ...

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