Calderon proposes opening Mexico’s oil industry

Mexico’s new President Felipe Calderon proposes opening the country’s oil industry to international oil corporations to help increase crude oil exports.Calderon, a member of the National Action Party (PAN), said foreign companies, which currently are allowed only as contractors providing oil field services such as drilling, seismic work, and infrastructure construction, should be allowed to enter into joint production agreements with Mexico’s state-owned Petroleos Mexicanos.“Pemex should be given the freedom to buy the technology or put together the contracts necessary to be able to increase reserves and produce oil,” said Calderon, who was sworn in Dec. 1.Oi...

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