Pemex Profit-Sharing Mulled in Energy Deal, Diplomat Says

Mexican President Enrique Pena Nieto’s administration is weighing profit-sharing contracts for companies that invest in the country’s state-controlled oil industry, said Eduardo Medina Mora, the ambassador to the U.S.

Allowing profit-sharing agreements is one of “several routes that could be followed” in the energy overhaul proposal that the government is drafting to submit to Congress in the second half of the year, Medina Mora said today. Opening the industry to more private investors would require changing the constitution, he said.