ANNOUNCEMENT 20 Dec 2013In December 2013, the government of Mexico announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Presidencia de la Republica (2014) "C. PRESIDENTE DE LA MESA DIRECTIVA DE LA C?MARA DE SENADORES DEL H. CONGRESO DE LA UNI?N PRESENTE". Available from: http://cdn.reformaenergetica.gob.mx/4-ley-de-petroleos-mexicanos.pdf
On 20 December 20 2013, amendments to the Mexican Constitution were published in the Federal Register after they had approved by the President of the Republic of Mexico three days before. The amendments lay the basis for the liberalisation of Mexican hydrocarbons and electricity sectors.
The amendments to Article 27 allow the international tendering for hydrocarbon exploration and extraction contracts. Prior to the change, such tenders were exclusively awarded to PEMEX, the state-owned utility.
Furthermore, amendments to Article 28 of the Federal Constitution allows private investment in and execution of storage and transport services related to gas and oil exploration.