On August 11, 2014, a package of reforms to Mexico’s secondary energy laws (the “Energy Reform”) was published. The Energy Reform, and in particular the Hydrocarbons Act and Hydrocarbons Revenue Act included therein, substantially modified the structure of the hydrocarbon industry in Mexico. This sector had been substantially controlled by the State, however, the Energy Reform will allow private participation in many activities of the exploration and production value of chain. The Energy Reform was enacted pursuant to the objectives established by the 2013-2018 National Development Plan.
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