MEXICO CITY, July 26 Committees in Mexico's
lower house on Saturday approved laws fleshing out a landmark
energy reform that seeks to drive private investment into the
The so-called secondary laws, which detail the
implementation of the constitutional energy reform passed last
year, will head to the floor of the lower house, where lawmakers
will debate them beginning on Monday.
If they are fully approved in the lower house, some of the
secondary laws will head to the Senate for final approval.
The laws passed in committees on Saturday create a new tax
framework for Pemex, guidelines for contracts and tax benefits
for states where extraction occurs, among other things.
Pledging to reverse a decade of falling oil and gas output,
President Enrique Pena Nieto pushed through a reform in December
2013 ending state oil company Pemex's 75-year oil and
gas monopoly, and opening the industry up to private capital.
(Reporting by Noe Torres; Editing by David Gregorio)