| | |  Business News | November 2008 
Mexico Predicts Oil Reform Will Boost GDP, Jobs
 Associated Press
go to original
Mexico City – Mexico's Energy Secretary says a newly approved oil reform will assign blocks of territory to private contractors for exploration work, and it should boost economic growth by 1 percent.
Energy Secretary Georgina Kessel says the reforms will allow Mexico's state oil monopoly more flexibility to contract out work and could spur the creation of as many as 300,000 new jobs.
Leftist congress members failed in their demand that the bill bar exclusive territorial blocks for private contractors.
Kessel told the Televisa television network on Wednesday that there are practical reasons for dividing drilling work for private companies into exclusive areas. |
|
| |
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us