Energy Sector In Mexico Opened To Private Investment

The state will continue to own the hydrocarbons “within the subsoil,” writes Elisabeth Eljuri, head of the Latin American Practice at Norton Rose Fulbright, but it will be permitted to pursue exploration and production through contracts with private investors or the current state monopoly holder, PEMEX. “The amendments to the Constitution allow for investors – whether national or foreign – to participate in the exploration, production and refining of hydrocarbons, thus ending the monopoly that PEMEX has enjoyed in the sector for 75 years,” Eljuri says.