A bill to reform Mexico’s energy sector passed both houses of Mexico’s Congress this week, bringing President Enrique Pena Nieto’s promised overhaul of the state-owned oil and gas industry a big step closer to becoming reality. The bill would usher in a dramatic opening of Mexico’s oil and gas industry, which was nationalized 75 years ago, and is hoped to revamp the country’s flagging oil production and attract billions of dollars in foreign investment. Mexico is currently the world’s ninth-largest oil producer and depends on the energy sector for one-third of its revenue, but inefficiency and corruption have plagued Pemex, […]