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.

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