Tuesday, September 23, 2014   

Mexico Congress approves landmark oil reform
(08-07 14:21)

Mexico's Congress gave final approval Wednesday to a historic energy reform that will break the 75-year-old state monopoly on oil drilling and invite foreign companies back to the country.

After a heated marathon debate, the Senate voted 78-26 for the package of bills that will overhaul a sector that has struggled to reverse declining production under the state-run Pemex company.

The legislation, which was already approved by the lower house of Congress, now goes to President Enrique Pena Nieto, who said he would sign it into law in the coming days.

The reform is the centerpiece of Pena Nieto's reform drive to breathe new life into Latin America's second biggest economy. --AP   
Other World breaking news:
Pentagon: US, partners begin airstrikes in Syria (1 hr 37 mins ago)
Batman prequel 'Gotham' premieres on US TV (1 hr 48 mins ago)
Palestinian reconciliation talks begin in Egypt (09-22 19:14)
Britain's panda pregnancy fails: zoo (09-22 19:01)
Airstrikes not enough to beat Islamic State: Blair (09-22 18:50)
Sierra Leone Ebola lockdown found at least 200 infected, dead: govt (09-22 17:28)
Japan crying lawmaker sparks pay cuts (09-22 17:14)
Dutch 'Dark Blood' director George Sluizer dead at 82 (09-22 16:58)
Sierra Leone's three-day Ebola shutdown ends (09-22 16:42)
Spanish priest with Ebola flown back to Madrid (09-22 15:37)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.