Mexican energy sector needs big shake-up, says Shell

The legal framework governing Mexico's state-run energy sector will require major changes if the country is to boost production and attract significant private investment, a top official for oil major Royal Dutch Shell said.

Alberto de la Fuente, president of Shell Mexico, said far-reaching energy reforms are needed to maximize the domestic sector's potential as the government overhauls state oil monopoly Pemex.

Mexico nationalized its oil industry in 1938, and deep reform would require changes to the constitution.


Source: Reuters