End of Mexico’s 75-Year Oil Monopoly Set as States Ratify Bill
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Mexico’s bill that ends a 75-year state oil monopoly will be sent to President Enrique Pena Nieto for enactment after a majority of states ratified the proposal.
San Luis Potosi, Puebla and Yucatan were among states that approved the legislation over the weekend, bringing the number of those that have endorsed the plan to 17 of 31. Mexico’s most significant economic overhaul since the North American Free Trade Agreement was enacted in 1994 had been approved by Congress on Dec. 12.