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Mexican Senate Finalizes Historic Reforms of Oil Sector

Mexican lawmakers have approved legislation that will end the government's seven decade monopoly on the country's oil and gas sector. The Senate voted Wednesday on a bill aimed at attracting billions of dollars in new investments from foreign and private oil companies in an effort to boost Mexico's sluggish oil production, which has plunged over the last decade from 3.4 million barrels to 2.5 million barrels a day under state-owned Pemex. Pemex has been a source of...

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