Pena Nieto on Oil Monopoly, Economy, Taxes

Pena Nieto on Oil Monopoly, Economy, Taxes Play

June 18 (Bloomberg) -- Mexican President Enrique Pena Nieto discusses plans to end the state monopoly over oil and gas exploration, tax overhauls and the outlook for the economy. In the oil model envisioned by Pena Nieto, state-owned Petroleos Mexicanos would develop some fields, while others would be tapped by foreign and private companies. He declined to discuss more details of the proposal, or whether it would require a change in the constitution. He spoke yesterday in London with Bloomberg Businessweek. (Source: Bloomberg)

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