| President Pena Nieto Weighs Mexico's Energy Reform, Delays Unveiling Anahi Rama and Ana Isabel Martinez - Reuters | |
| go to original August 8, 2013 |
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Mexico's government has pushed back to next week the unveiling of a proposed energy sector overhaul, as President Enrique Pena Nieto on Wednesday weighed the political cost of a divisive bill to revamp an ailing oil industry.
The energy reform, which Pena Nieto said on Tuesday would be presented this week, aims to lure more private investment into the oil, gas and electricity sectors to boost flagging output and drive growth in Latin America's No. 2 economy.
Lawmakers familiar with last-minute negotiations over the government's proposal say it will try to amend the constitution to allow more private investment in oil, gas and electricity by eliminating the exclusivity currently granted to the public sector in those businesses.
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