
Leftist lawmakers locked themselves inside Mexico's chamber of deputies Wednesday to prevent the lower house from debating a controversial oil reform bill that passed the Senate hours earlier. Around 20 lawmakers took over the chamber's podium, unfurling a banner with the words "traitors" in big letters after wrapping chains around the handles of a door and piling up chairs. "We cannot allow a handful of people to take and give away the nation's property," deputy Maria Luisa Alcalde of the Citizen Movement Party said from the podium, joined by members of the Democratic Revolution Party (PRD) and the Workers Party. The bill moved to the lower chamber after the Senate voted in favor of the reform championed by President Enrique Pena Nieto. The legislation aims to open the state-controlled energy sector to private investment, ending the 75-year-old oil monopoly. The legislation would let private firms explore and extract oil and gas, as well as share profits, production and risk with the state-run energy giant Pemex, ending a ban cemented in the country's very constitution. The proposed constitutional changes stem from a deal between Pena Nieto's centrist Institutional Revolutionary Party (PRI) and the conservative opposition National Action Party (PAN). Analysts say the bill goes further than Pena Nieto's original proposal. Supporters of the reform say it is badly needed to revive Pemex, give Mexico the tools to drill for more gas and oil and reverse a trend of falling production. But leftist opponents have branded the plan treason and a submission to US oil companies, calling the legislation a bid to privatize a symbol of national sovereignty.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor