The 8-page memorandum seen by Reuters broadly reflected what Lopez Obrador has said publicly since taking office in December 2018, but gave notice of his intention to roll back the market liberalization carried out in 2013-14 under the last government.
At the heart of constitutional changes pushed through by former President Enrique Pena Nieto were reforms to encourage private sector investment in oil and gas fields via a series of tender auctions that drew in many multinational corporations. Lopez Obrador argues that past governments skewed the energy sector in favor of private interests at the expense of national oil company Petroleos Mexicanos , state power firm the Comision Federal de Electricidad , and taxpayers.
Next in the order of precedence should be solar and wind power produced by private firms, and then electricity generated by privately-run combined cycle plants, the document said.
Mexico: We aim to stop oil auctions. United states: Looks like Mexico needs some freedom and democracy.
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