Mexico’s Energy Reform

The secondary laws of the energy sector, which comprise the Energy Reform approved on December 20, 2013, consisting of nine new laws and twelve that were amended, were published on August 11, 2014, in the Federal Official Gazette.

Among the imminent actions announced yesterday by the Federal Executive related to expediting the implementation of the Energy Reform through the secondary laws referred to above, the following stand out:

• On August 12, 2014, the areas within "Ronda Cero" that the President, through the Ministry of Energy, will assign to "Petroleos Mexicanos" (PEMEX) for the exploration and exploitation of hydrocarbons will be made known.
• At the latest, on August 15, 2014, new zones for exploration and hydrocarbon extraction fields in which PEMEX will take part with private investment will be made known, comprising the "First Round" ("Ronda Uno").