MEXICO TAKES STEPS TO OPEN OIL INDUSTRY

With the North America Free Trade Agreement (Nafta) snagged on environmental and labor questions, Mexico is opening a crucial sector of its economy that the pact, at the country's insistence, does not cover. Foreign companies have entered areas of Mexico's oil and gas business previously off limits - including offshore contract drilling. It's a long way from foreign equity interest in Mexican reserves, but it's a start.

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