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FACTBOX-Mexico energy reform debate

Mon Aug 4, 2008 3:32pm EDT

Aug 4 (Reuters) - Latest developments as Mexico's ruling conservatives court opposition lawmakers to approve an energy reform to allow more private investment in the state-controlled oil industry in hopes of bolstering falling output.

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Compiled from Reuters stories, Mexican newspaper reports, television and radio.

** Lawmakers will meet this week to begin talks aimed at finding a compromise between President Felipe Calderon's reform proposal and a plan hatched by a centrist opposition party, said Sen. Francisco Labastida, president of the Senate energy committee.

** Lower house lawmakers from the centrist Institutional Revolutionary Party would like changes made to their party's proposal in order to boost transparency at the state oil company, Pemex, Reforma newspaper reported.

** Hoping to shore up flagging production and reserves in the world's No. 6 oil producer, Calderon proposes to let Pemex sweeten oil field service contracts with private companies using performance-based bonuses. Left-wingers say that would violate a ban on private companies exploring for and producing oil in Mexico.

** Calderon's party in Congress might push for minor changes to the president's reform proposal in order to help small local suppliers of the state oil monopoly, El Economista newspaper reported. (Reporting by Jason Lange and Adriana Barrera in Mexico City; Editing by Walter Bagley)



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