MEXICO CITY, July 24 Mexican President Enrique
Pena Nieto will present a constitutional energy reform to
Congress in August, setting the stage for major new private
investment in the oil sector, a top lawmaker said on Wednesday.
Pena Nieto has said he favors an overhaul of country's
closed energy industry in an effort to lure private capital and
boost flagging oil and gas production.
David Penchyna, leader of the Senate's energy committee and
a member of Pena Nieto's Institutional Revolutionary Party
(PRI), said the proposal will seek to change the constitution to
allow either concessions or risk-sharing contracts.
"We will have President Pena's initiative in August," said
Penchyna. "We do believe that the initiative will have to
contain constitutional changes," he added.