Sunday, June 8, 2014

PEMEX & Foreign Investment

Last December Mexican president Pena signed into law a bill that allows foreign investment into PEMEX that both accounts for 1/3rd of money going into the federal coffers and has also lost $50 billion in 2013.  That is not good for Mexico so going against three quarter's of a century of anti-foreign oil sentiment.  The WashPost article is a great one for AP Comparative as it has 1) federal government 2) Pena 3) Congress 4) PEMEX 5) federal structure of government 6) nationalism all worked into one article.  

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