On August 7, 2014, both houses of the Mexican Congress passed
the secondary laws needed to make the long-awaited energy reform in
Mexico a reality. The bills have been sent to President Peña
Nieto for execution. Private participants, both foreign (through
wholly-owned Mexican subsidiaries) and domestic, will soon (most
likely by mid-2015) be able to participate in upstream, midstream
and downstream activities in Mexico.
As discussed in a prior Energy, Oil & Gas Newsletter (
Mexican Congress Opens the Door for Private Investment
in Energy Industry), in December 2013 both houses
of the Mexican Congress passed reforms to Articles 25, 27 and 28 of
the Mexican Constitution (the "2013
Amendments") ending a 70-plus year PEMEX monopoly
over all hydrocarbon activities in Mexico and beginning this
historic and market-changing process. The 2013 Amendments required
the passage of secondary laws dealing with the energy sector as
well as amendments to many other existing laws
