Mexico Congress Passes Controversial Pro-Pemex Bill ...Middle East

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Mexico Congress Passes Controversial Pro-Pemex Bill
source : OILPRICE ( Middle East ) () 12
The lower house of the Mexican parliament has passed a controversial bill that will give state-owned oil major Pemex more sway over the Mexican fuel market. Bloomberg reports that the house voted 301 in favor and 147 against the proposal, which will remove a stipulation from an earlier law that requires the state energy market regulator CRE to prioritize fuel sales from private companies as a way of leveling their playing field with Pemex. According to the backers of the change, the field is level enough for the state-help provision to be removed.…

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