Mexican Interior Ministry: We Will Invite Russia To Our Oil Sector

August 19, 2013

Mexico is interested in the experience Russian oil companies have accrued and is inviting them to participate in its oil production sector, Deputy Mexican Interior Minister Eduardo Sanchez told RIA Novosti in an interview in response to questions about Mexican energy reforms. "Without any doubt, we can say that", Sanchez stressed. Proposals to reform the country's energy sector have been drafted by the team of Mexican President Enrique Pena Nieto and been submitted to the Senate for review.

The proposals include serious changes to the oil sector which for 75 years has been in the hands of the state. Specifically, the state company Pemex would be given the right to enter into contracts with private firms for oil and gas exploration, production, refining, transport and storage.

Sanchez said that Mexico is interested is using the experience, technologies and professional abilities of oil companies from any part of the world, including from Russia. "We are counting on all of the changes (in the law) being carried out during this convocation of congress, that is from September 1 to December 31 of this year, after which foreign companies can submit bids to take part in operations", the deputy minister stressed.

Sanchez noted that he was talking about serious reforms to the constitution, after which parliament must pass the necessary laws which will stipulate all of the specifics. After that, he said, Mexico could begin making specific proposals and start inviting partners.

Copyright, 2013, RIA Novosti.