Mexico To Debate Easing Ban On Foreign Investment In Energy Sector

Mexico’s government is expected to unveil sweeping reforms of its energy sector later this summer. The legislation could open the country’s oil and gas resources to U.S. investors for the first time in more than seventy years. 

President Enrique Peña Nieto won election last year with a campaign calling for the opening of Mexico’s oil and gas sector to private ownership. That would require amending the Mexican Constitution. Previous such efforts, most recently by former president Felipe Calderón, have foundered. Stephen Zamora, director of the Center of U.S. and Mexican Law at the University of Houston, says things may be different this time.

“The Mexican Constitution has been amended many, many  times — 500 times or so over the years. Amending the Mexican Constitution is not at all impossible. Something this important, however, is a political lightning rod. But I think if there’s anyone who could do it, it would be the PRI — the party led by President Peña Nieto.”

The PRI, or Institutional Revolutionary Party, holds the largest number of seats in Mexico’s Congress. But it lacks the two-thirds majority needed to amend the constitution on its own.

Subscribe to Today in Houston

Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

* required


Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media’s business reporter, covering the oil...

More Information