Now that Mexico has finally opened its energy sector to private investment, U.S. energy companies undoubtedly will be champing at the bit for the chance to tap the country’s rich oil and gas reserves.
“From 1938 until recently, Mexico’s oil and gas industry was nationalized, and foreign investment was barred,” Gabriel Salinas, a senior associate with Mayer Brown in Houston, said. “Then, in 2013, Mexico passed constitutional reforms that allow private companies to conduct business related to its energy sector.”
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