President Peña Nieto announces short-term plans for accelerating the reform's implementation
On August 11, Mexican President Enrique Peña Nieto announced that federal legislation was enacted to implement the constitutional reform of the energy sector that was passed by the Mexican congress on December 16, 2013.1 In total, the president enacted nine new acts, including the much-awaited Hydrocarbons Act and the Electricity Industry Act, and amended 12 existing acts and codes.
During the ceremony, President Peña Nieto listed 10 actions that his government will carry out in the short term to accelerate the energy reform's implementation. These actions include the announcement on August 13 of the fields that Pemex—the Mexican state-owned petroleum company—will keep for exploration and production activities (Round Zero) and the fields that will be included in the first round of exploration and production activities with private parties (Round One).
Footnote
1 For more information on the energy reform, see our previous LawFlashes on the topic: "Mexico Energy Reform: Secondary Legislation Presented to Congress," available here; "Mexican Government to Consider Overhaul of Energy Sector," available here; "Reform Opens Door to Private Investment in Mexico's Energy Sector," available here; and "Update: Last Obstacle Cleared for Mexican Energy Reform," available here.
This article is provided as a general informational service and it should not be construed as imparting legal advice on any specific matter.