| 'Sell Off' or Good Deal? Mexico Opens Oil to Outsiders Sanchez O'Donnovan - Russia Today | |
| go to original December 14, 2013 |
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RT's correspondent Nicolas Sanchez O'Donnovan reports. (RT)
Mexico has approved a controversial bill which opens up state-controlled oil deposits to foreign investors for the first time in 75 years. The law will allow foreign companies to explore for oil and extract it alongside the state-owned giant Pemex, and pocket the profits.
The country's opposition says the President is simply capitulating in the face of American pressure.
Read more at Russia Today
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