PRI paves way for private investment in Pemex
- Details
- Published on Friday, 08 March 2013 11:13
- Written by Duncan Tucker
The Institutional Revolutionary Party (PRI) took the first step toward opening up state oil monopoly Pemex to limited private investment on Sunday by changing party statutes.
For years, PRI statutes meant party members who served in Congress were forbidden from voting on any change in the way that Pemex is run. But at the national convention on Sunday, nearly 5,000 PRI members voted unanimously to alter the party platform and allow support for reform in the sector.
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