MEXICO CITY, July 11 Mexican Senate committees
have finished debating a raft of rules and regulations to
implement the government's opening of the oil and gas industry
and will vote on the legislation next week, a senior lawmaker
said late on Thursday.
David Penchyna, head of the Senate energy committee, said
committee members in the upper house of Congress discussing the
so-called secondary laws would reconvene on Monday for a vote.
Once passed in committees, the laws would pass to the floor
of the Senate and thence to the lower house for approval.
The legislation sets out the fine print for a reform that is
the cornerstone of President Enrique Pena Nieto's economic
agenda. In December 2013, the government passed a bill ending
state oil company Pemex's 75-year-old oil and gas
Pena Nieto hopes allowing private companies to drill and
produce oil in the world's number 10 crude producer will unlock
dormant potential in Latin America's second-biggest economy,
which has spent years underperforming local peers.
(Reporting by Dave Graham; Editing by David Holmes)