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Puerto Vallarta News NetworkBusiness News | April 2008 

Mexico Debating Oil Future
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Mexico City - The Progressive Broad Front (PAF) reiterated on Wednesday its proposal for Mexico to hold a great national debate about the future of Petroleos Mexicanos (PEMEX) Company and rejected any intention to privatize that industry.

The FAP, composed of the groups of Partido Revolucionario Democratico, Convergencia, and Partido del Trabajo parties, demanded that non-government organizations, universities, and special guests participate in the analysis, besides the political entities.

Its request was presented before the two chambers of the Union's Congress, explaining that eventual privatization, defended by sectors close to the government, will only lead to undermine the Mexican people's heritage.

The senators attended the session with banners against that privatizing intention, placing them on their seats, while speaking for the extensive debate.

The objective will be, more than the political parties' positions, the opinions by the Mexican Autonomous University, the Mexican Oil Institute, intellectuals, technicians, and researchers.

The proposal, in the case of the Senate, was sent for consideration to the Political Coordinating Board for it to issue an agreement project, while in the case of the Chamber of Deputies, it will have to be discussed on Thursday in a plenary session.

In the document presented, the FAP highlighted that oil should continue being Mexican property, as established by the Constitution since it was nationalized by President Lazaro Cardena's government.

"PEMEX is a public company, vital and strategic, thus we oppose its privatization in any of its forms," clamed the senators.



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