Mexican president pitches law that could suspend oil permits ...Middle East

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Mexican president pitches law that could suspend oil permits
source : Devdiscourse ( Middle East ) () 44
Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at the expense of private firms. Lopez Obrador argues previous administrations skewed the energy market in favor of business interests and were intent on carving up national oil firm Petroleos Mexicanos (Pemex) and power utility the Comision Federal de Electricidad (CFE).

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