Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Final package of bills for energy overhaul passed by lower senate in Mexico

Mexico's lower house concluded early Saturday the process of debating and approving the secondary legislation needed to implement last year's energy overhaul, which opens the oil sector to private investment.

The president of the Chamber of Deputies, Jose Gonzalez Morfin, brought a close to the session that began Monday and lasted nearly 74 hours. The lawmakers passed nine new bills and modified numerous other measures that will regulate all aspects of the energy sector.

Early Saturday, the legislators passed the final two packages of bills, which establish a new fiscal regime for the hydrocarbons sector and a stabilization . . .

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