Mexico's Senate Approves Energy Sector Reform Bill

Ninety-four of Mexico's 128 senators have approved a bill that aims to strengthen the energy ministry's (Sener) mandate, the senate website reported.

Twenty-six senators from the following parties submitted the bill in December: Partido Accion Nacional, Partido de la Revolucion Democratica, Partido Verde Ecologista de Mexico and Partido Convergencia.

The bill would modify article 33 of the federal public administration law related to Sener's attributions and faculties.

The initiative would strengthen the ministry by expanding and updating its role to tackle Mexico's declining oil production and reserves, among other sector challenges.

Proponents argue Sener is capable of tackling the issues as it has "sufficient" legal and technical capacities to coordinate sector companies to guarantee the country's long-term energy security.

The ministry would, for example, be tasked with fixing oil production goals, which is currently in the hands of state oil company Pemex.

The bill has been submitted to the lower house for debate.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Administrator
Expertise: Contracts Administration
Location: Chesapeake, VA
Logistics Coordinator & Optimization Analyst
Expertise: Logistics Management
Location: Billings, MT
Associate Category Manager or Category Manager Job
Expertise: Logistics Management|Purchasing|Supply Chain Management
Location: Denver, CO
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours